PayPal Holdings, Inc. Reports Establishment of $5.0 Billion Commercial Paper Program
Summary
On November 14, 2025, PayPal Holdings, Inc. established a commercial paper program to issue short-term, unsecured notes. The program allows for an aggregate principal amount outstanding not to exceed $5.0 billion, with net proceeds intended for general corporate purposes. The notes will have maturities not exceeding 397 days and will be backed by the company's revolving credit facility. As of the report date, no notes have been issued.
Why It Matters
This program provides PayPal Holdings, Inc. with a new source of short-term financing, potentially enhancing its liquidity and financial flexibility for general corporate purposes, up to $5.0 billion.
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Key Quote
“from time to time, with the aggregate face or principal amount of the Notes outstanding under the Program at any time not to exceed $5.”
— From Item 1.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001633917
- Filing Date
- Friday, November 14, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive