Mastercard Enters Material Definitive Agreement
Ticker: MA · Form: 8-K · Filed: Nov 12, 2025 · CIK: 1141391
| Field | Detail |
|---|---|
| Company | Mastercard Inc (MA) |
| Form Type | 8-K |
| Filed Date | Nov 12, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $8,000,000,000, $600,000,000, $10.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing
TL;DR
Mastercard just signed a big deal for new debt notes due in 2027, 2029, and 2030.
AI Summary
Mastercard Incorporated entered into a material definitive agreement on November 7, 2025. The filing details several debt issuances, including "Two Point One Percent Notes Due 2027", "A10 Notes Due 2029", and "Two Point Five Percent Notes Due 2030". These agreements are part of Mastercard's ongoing financing activities.
Why It Matters
This filing indicates Mastercard is actively managing its debt structure through new note issuances, which could impact its financial leverage and future interest expenses.
Risk Assessment
Risk Level: low — The filing reports on routine debt issuance, which is a standard corporate finance activity and does not inherently signal significant new risks.
Key Players & Entities
- Mastercard Incorporated (company) — Registrant
- November 7, 2025 (date) — Date of earliest event reported
- 2027 (date) — Maturity year for Two Point One Percent Notes
- 2029 (date) — Maturity year for A10 Notes
- 2030 (date) — Maturity year for Two Point Five Percent Notes
FAQ
What type of material definitive agreement did Mastercard enter into?
Mastercard entered into agreements related to the issuance of debt notes, specifically "Two Point One Percent Notes Due 2027", "A10 Notes Due 2029", and "Two Point Five Percent Notes Due 2030".
On what date was the earliest event reported in this filing?
The earliest event reported was on November 7, 2025.
What are the maturity dates for the notes mentioned in the filing?
The notes mentioned have maturity dates in 2027, 2029, and 2030.
What is Mastercard's state of incorporation?
Mastercard Incorporated is incorporated in Delaware.
What is the IRS Employer Identification Number for Mastercard?
Mastercard's IRS Employer Identification Number is 13-4172551.
Filing Stats: 1,054 words · 4 min read · ~4 pages · Grade level 12.6 · Accepted 2025-11-12 17:15:17
Key Financial Figures
- $8,000,000,000 — ed into a committed five-year unsecured $8,000,000,000 revolving credit facility (the "Credit
- $600,000,000 — liens not exceeding the greater of (x) $600,000,000 or (y) 4% of consolidated total assets
- $10.0 million — without penalty in a minimum amount of $10.0 million; the option for the Company to prepay
Filing Documents
- ma-20251107.htm (8-K) — 37KB
- 0001141391-25-000199.txt ( ) — 205KB
- ma-20251107.xsd (EX-101.SCH) — 3KB
- ma-20251107_def.xml (EX-101.DEF) — 16KB
- ma-20251107_lab.xml (EX-101.LAB) — 30KB
- ma-20251107_pre.xml (EX-101.PRE) — 17KB
- ma-20251107_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On November 7, 2025, Mastercard Incorporated (the "Company") entered into a committed five-year unsecured $8,000,000,000 revolving credit facility (the "Credit Facility") with Citibank, N.A. as managing administrative agent; JPMorgan Chase Bank, N.A. as administrative agent; Citibank Europe PLC, UK Branch as Euro Swing Line Agent, Citibank, N.A. and JPMorgan Chase Bank, N.A. as joint lead arrangers, joint book managers and global coordinators; Bank of America, N.A., Bank of China, New York Branch, Barclays Bank PLC, BofA Securities, Inc., Deutsche Bank Securities Inc., Lloyds Bank Corporate Markets PLC, National Westminster Bank PLC, U.S. Bank National Association, Wells Fargo Bank, National Association and Wells Fargo Securities, LLC, as joint lead arrangers, joint book managers, syndication agents and/or regional coordinators; and Commerzbank AG, New York Branch, Crdit Agricole Corporate and Investment Bank, Goldman Sachs Bank USA, HSBC Bank USA, N.A., Industrial and Commercial Bank of China Limited, New York Branch, Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., PNC Bank, N.A., Santander Bank, N.A., and Socit Gnrale as joint lead arrangers, joint book managers and/or documentation agents; and other lenders and agents from time to time party thereto. The Credit Facility, which expires on November 7, 2030, amends and restates the Company's prior $8,000,000,000 credit facility that was to expire on November 7, 2029. The Credit Facility provides the Company with a revolving line of credit with a borrowing capacity of up to $8,000,000,000. Borrowings under the Credit Facility are available in U.S. dollars and/or Euros for general corporate purposes. Borrowings under the Credit Facility would bear interest at the Secured Overnight Financing Rate (SOFR), the Euro Short Term Rate (STR) or an alternative base rate for the relevant currency, in each case plus applicable margins that fluctuate
SIGNATURES
SIGNATURES 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. MASTERCARD INCORPORATED Date: November 12, 2025 By: /s/ Gina Accordino Gina Accordino Corporate Secretary 3