Press release
PayPal Announces Debt Tender Offer
SAN JOSE, Calif., May 16, 2022 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced its offer to purchase for cash any and all of the
About this update from Paypal Holdings, Inc.
[{"type":"text","content":"SAN JOSE, Calif., May 16, 2022 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced its offer to purchase for cash any and all of the company's outstanding notes listed in the table below (collectively, the \"Notes\"). Each reference to an \"Offer\" herein refers to the applicable offer to purchase for cash the 2.200% Senior Notes due September 2022 (the \"2022 Notes\") or the 1.350% Senior Notes due June 2023 (the \"2023 Notes\"), as applicable.\nThe Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated May 16, 2022 (as may be amended or supplemented from time to time, the \"Offer to Purchase\"), and its accompanying notice of guaranteed delivery (the \"Notice of Guaranteed Delivery\" and, together with the Offer to Purchase, the \"Tender Offer Documents\"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.\nAll documentation relating to the Offer, including the Offer to Purchase and the Notice of Guaranteed Delivery, together with any updates, are available from the Information Agent and the Tender Agent (as defined below), as set forth below, and will also be available via the Offer Website: www.dfking.com/PayPal.\nTimetable for the Offer\nDate\nCalendar Date and Time\nCommencement of the Offer\nMay 16, 2022.\nPrice Determination Date\n2:00 p.m., New York City time, on May 20, 2022, unless extended.\nWithdrawal Time\n5:00 p.m., New York City time, on May 20, 2022, unless extended.\nExpiration Time\n5:00 p.m., New York City time, on May 20, 2022, unless extended.\nSettlement Date\nThe Settlement Date is expected to be May 23, 2022, which is the first business day after the Expiration Time, unless the Expiration Time is extended or the Offer is terminated earlier.\nGuaranteed Delivery Time\nThe Guaranteed Delivery Time is expected to be 5:00 p.m., New York City time, on May 24, 2022, which is the second business day after the Expiration Time, unless the Expiration Time is extended or the Offer is terminated earlier.\nGuaranteed Delivery Settlement Date\n \nThe Guaranteed Delivery Settlement Date is expected to be May 25, 2022, which is the third business day after the Expiration Time, unless the Expiration Time is extended or the Offer is terminated earlier.\n \n \n \nTitle of Notes\nCUSIP\nNumber/I...