Block, Inc. Files 8-K for Material Definitive Agreement

TL;DR

Block (SQ) signed a new deal creating a financial obligation. Details TBD.

AI Summary

On August 13, 2025, Block, Inc. entered into a material definitive agreement, creating a direct financial obligation. The company, formerly known as Square, Inc., filed this 8-K report on August 18, 2025, detailing the event. The specific nature of the agreement and its financial implications are not fully disclosed in the provided text.

Why It Matters

This filing indicates Block, Inc. has entered into a significant new agreement that creates a financial obligation, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a new material definitive agreement and a direct financial obligation, which inherently carries some level of risk until more details are known.

Key Players & Entities

• Block, Inc. (company) — Registrant
• Square, Inc. (company) — Former company name
• August 13, 2025 (date) — Date of earliest event reported
• August 18, 2025 (date) — Date of report filing
• 001-37622 (other) — SEC File Number

FAQ

Key Financial Figures

• $0.0000001 — which registered Class A Common Stock, $0.0000001 par value per share XYZ New York St
• $1.2 billion — relating to the sale by the Company of $1.2 billion aggregate principal amount of its 5.625
• $1.0 billion — Notes due 2030 (the "2030 Notes"), and $1.0 billion in aggregate principal amount of its 6.
• $1.5 billion — e previously announced offering size of $1.5 billion. The Company intends to use the net p
• $2.2 billion — e upsize and pricing of its offering of $2.2 billion aggregate principal amount of the Notes

Filing Documents

• d76379d8k.htm (8-K) — 39KB
• d76379dex41.htm (EX-4.1) — 510KB
• d76379dex43.htm (EX-4.3) — 511KB
• d76379dex101.htm (EX-10.1) — 155KB
• d76379dex991.htm (EX-99.1) — 4KB
• d76379dex992.htm (EX-99.2) — 5KB
• 0001193125-25-182661.txt ( ) — 1614KB
• xyz-20250813.xsd (EX-101.SCH) — 3KB
• xyz-20250813_lab.xml (EX-101.LAB) — 18KB
• xyz-20250813_pre.xml (EX-101.PRE) — 11KB
• d76379d8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Purchase Agreement On August 13, 2025, Block, Inc. (the "Company") entered into a purchase agreement (the "Purchase Agreement") with Goldman Sachs & Co. LLC, as representative of the several initial purchasers listed in Schedule I therein (the "Initial Purchasers"), relating to the sale by the Company of $1.2 billion aggregate principal amount of its 5.625% Senior Notes due 2030 (the "2030 Notes"), and $1.0 billion in aggregate principal amount of its 6.000% Senior Notes due 2033 (the "2033 Notes" and, together with the 2030 Notes, the "Notes") in private placements to persons reasonably believed to be "qualified institutional buyers" pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes were issued to the Initial Purchasers pursuant to an exemption from the registration requirements of the Securities Act afforded by Section 4(a)(2) of the Securities Act. The aggregate principal amount of the offering was increased from the previously announced offering size of $1.5 billion. The Company intends to use the net proceeds from the offering of the Notes 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. The Purchase Agreement contains customary representations, warranties and covenants by the Company together with customary closing conditions. Under the terms of the Purchase Agreement, the Company has agreed to indemnify the Initial Purchasers against certain liabilities. The description of the Purchase Agreement contained in this Current Report on Form 8-K is qualified in its entirety by reference to the complete text of the Purchase Agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated herei

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 4.1 Indenture, dated as of August 18, 2025, by and between Block, Inc. and The Bank of New York Mellon Trust Company, N.A., as Trustee (5.625% Senior Notes due 2030). 4.2 Form of 5.625% Senior Note due 2030 (included in Exhibit 4.1). 4.3 Indenture, dated as of August 18, 2025 by and between Block, Inc. and The Bank of New York Mellon Trust Company, N.A., as Trustee (6.000% Senior Notes due 2033). 4.4 Form of 6.000% Senior Note due 2033 (included in Exhibit 4.3). 10.1 Purchase Agreement, dated August 13, 2025, by and between Block, Inc. and Goldman Sachs & Co. LLC, as representative of the initial purchasers listed in Schedule I thereto. 99.1 Press release, dated August 13, 2025. 99.2 Press release, dated August 13, 2025. 104 Cover Page Interactive Data File, formatted in inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BLOCK, INC. /s/ Chrysty Esperanza By: Chrysty Esperanza Title: Chief Legal Officer and Corporate Secretary Dated: August 18, 2025

View Full Filing

View this 8-K filing on SEC EDGAR