Block, Inc. Reports Amended Revolving Credit Agreement
Summary
On January 14, 2026, Block, Inc. entered into an Amended and Restated Revolving Credit Agreement with its lenders and Goldman Sachs Bank USA, as administrative agent. This agreement increased the unsecured revolving loan facility from an aggregate principal amount of up to $775.0 million to up to $900.0 million. The facility matures on January 14, 2031, with proceeds designated for working capital and general corporate purposes. As of January 14, 2026, no borrowings or letters of credit were outstanding under the facility.
Why It Matters
The increase in Block's revolving credit facility to $900.0 million, as detailed in Item 1.01, provides enhanced liquidity and financial flexibility. This expanded access to capital can support the company's working capital needs and general corporate purposes, signaling strengthened financial capacity.
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Key Quote
“The Restated Credit Agreement amends and restates the Revolving Credit Agreement, dated as of May 1, 2020, among Block, the lenders that are party thereto, and Goldman Sachs Bank USA, as Administrative Agent, as amended.”
— From Item 1.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001512673
- Filing Date
- Wednesday, January 14, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive