PayPal Holdings plans to launch four-part senior notes offering

By Marisa Wong

Los Angeles, May 11 – PayPal Holdings, Inc. plans to issue senior notes in four parts, according to a 424B2 filing with the Securities and Exchange Commission.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are the joint bookrunners.

Proceeds will be used for to repay outstanding borrowings, in whole or in part, under the company’s revolving credit facility and for general corporate purposes.

The digital payments company is based in San Jose, Calif.

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