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PayPal Raises $3B Through Debt Offering

Seeking Alpha2022-05-17

  • PayPal Holdings (NASDAQ:PYPL) has priced its offering of $3B of senior notes in four tranches.
  • Offering consists of $500M of 3.900% notes due 2027, $1B of 4.400% notes due 2032, $1B of 5.050% notes due 2052 and $500M of 5.250% notes due 2062.
  • The offering is expected to close May 23, 2022.
  • Proceeds from the offering is estimated to be approximately $2.99B.
  • A portion of the proceeds will be used to fund the purchase for cash of any and all of the company's outstanding 2.200% notes due 2022 and 1.350% notes due 2023 pursuant to the tender offer that commenced on May 16, 2022 and for the payment of related and unpaid interest, premiums, fees and expenses.
  • Any remaining proceeds will be used for general corporate purposes.
  • Shares up 3% premarket.

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Comment8

  • MNGTL
    ·2022-06-02
    👍
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  • SmithC
    ·2022-05-17
    Nice 
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  • Ermmmmmm
    ·2022-05-17
    Hmmm why? 
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  • JustASimpleTrader
    ·2022-05-17
    Gone
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  • US_watchlist
    ·2022-05-17
    Please like and comment. Thanks
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  • aprilialand
    ·2022-05-17
    Great ariticle, would you like to share it?
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  • aprilialand
    ·2022-05-17
    Good
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  • Calvin_GKH
    ·2022-05-17
    Ok
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