Block, Inc. Shs Chess Depository Interests Repr 1 Sh (AU:SQ2) has released an update.
Block, Inc. has successfully entered into a purchase agreement for the sale of $2.0 billion in 6.50% Senior Notes due 2032, an increase from the initially announced $1.5 billion. The company plans to allocate the net proceeds from this private placement towards general corporate purposes, which may include repaying existing debts, potential acquisitions, and other strategic investments. The offering includes customary terms and conditions, with the company also securing the right to redeem the notes before maturity under specific provisions.
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