Block, Inc. Announces Upsize and Pricing of $2.2 Billion Offering of Senior Notes

▤ Summary

Block announced the pricing of a $2.2 billion senior notes offering after upsizing the deal from the original $1.5 billion size. The company split the issuance into $1.2 billion due 2030 notes and $1.0 billion due 2033 notes in a private placement to qualified institutional buyers and non-U.S. persons. Block said it will use the proceeds for general corporate purposes, including debt repayment or repurchase, acquisitions, strategic transactions, capital expenditures, investments, and working capital. The company operates Square, Cash App, Afterpay, TIDAL, Bitkey, and Proto, and positions itself as a platform that expands access to the global economy.

$ Funding

▦ Linked Companies

Block

$1B+