Block, Inc. announced on August 13, 2025, the pricing of an upsized offering of $2.2 billion aggregate principal amount of senior notes. This includes $1.2 billion of 5.625% senior notes due 2030 and $1.0 billion of 6.000% senior notes due 2033.
The aggregate principal amount of the offering was increased from the previously announced $1.5 billion, indicating strong market demand for Block's debt. The sale of the notes is expected to settle on August 18, 2025, subject to customary closing conditions.
Block intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment or repurchase of existing debt, potential acquisitions and strategic transactions, capital expenditures, investments, and working capital. This move bolsters the company's financial flexibility for future growth initiatives.
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