PayPal Holdings hires underwriters for $1.25B notes offering
PayPal Holdings has entered into an underwriting agreement with four banks for the issuance and sale of $1.25B principal amount of senior notes, the company said on Tuesday. The offering will consist of $850M of 5.150% notes due 2034 and $400M of 5.500% notes due 2054. PayPal entered the agreement with BofA Securities , Deutsche Bank Securities , Goldman Sachs & Co. , and J.P. Morgan Securities as the representatives of several underwriters. PayPal stock edged up 0.1% in after-hours trading.