Mastercard Issues New Debt Notes
Ticker: MA · Form: 8-K · Filed: 2024-05-09T00:00:00.000Z
Sentiment: neutral
Topics: debt-issuance, financing
Related Tickers: MA
TL;DR
MA just dropped new debt: 2.1% notes due '27, A1 notes due '29, and 2.5% notes due '30.
AI Summary
Mastercard Incorporated filed an 8-K on May 9, 2024, reporting an event on May 7, 2024. The filing indicates the issuance of various notes, including 2.1% notes due 2027, A1 notes due 2029, and 2.5% notes due 2030. These are financial instruments related to the company's debt structure.
Why It Matters
This filing details Mastercard's issuance of new debt, which can impact its capital structure and financial leverage.
Risk Assessment
Risk Level: low — The filing is a standard debt issuance disclosure and does not indicate any immediate operational or financial distress.
Key Players & Entities
- Mastercard Incorporated (company) — Registrant
- 2.1% notes due 2027 (dollar_amount) — Debt instrument
- A1 notes due 2029 (dollar_amount) — Debt instrument
- 2.5% notes due 2030 (dollar_amount) — Debt instrument
FAQ
What is the aggregate principal amount of the notes issued?
The filing does not specify the aggregate principal amount of the notes issued.
What is the purpose of issuing these new notes?
The filing does not explicitly state the purpose for issuing these notes.
Are these notes senior or subordinated debt?
The filing does not specify the seniority of these notes.
Who are the underwriters or agents for this debt issuance?
The filing does not list the underwriters or agents involved in this debt issuance.
What are the specific terms and conditions of the A1 notes due 2029?
The filing refers to exhibits for the specific terms and conditions of the A1 notes due 2029, but these details are not provided in the summary text.
From the Filing
0001193125-24-135252.txt : 20240509 0001193125-24-135252.hdr.sgml : 20240509 20240509160605 ACCESSION NUMBER: 0001193125-24-135252 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20240507 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240509 DATE AS OF CHANGE: 20240509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Mastercard Inc CENTRAL INDEX KEY: 0001141391 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 134172551 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32877 FILM NUMBER: 24930472 BUSINESS ADDRESS: STREET 1: 2000 PURCHASE STREET CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 9142492000 MAIL ADDRESS: STREET 1: 2000 PURCHASE STREET CITY: PURCHASE STATE: NY ZIP: 10577 FORMER COMPANY: FORMER CONFORMED NAME: MASTERCARD INC DATE OF NAME CHANGE: 20010525 8-K 1 d783883d8k.htm 8-K 8-K Mastercard Inc false 0001141391 0001141391 2024-05-07 2024-05-07 0001141391 us-gaap:CommonClassBMember 2024-05-07 2024-05-07 0001141391 ma:TwoPointOnePercentNotesDue2027Member 2024-05-07 2024-05-07 0001141391 ma:A1NotesDue2029Member 2024-05-07 2024-05-07 0001141391 ma:TwoPointFivePercentNotesDue2030Member 2024-05-07 2024-05-07     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 7, 2024     Mastercard Incorporated (Exact name of registrant as specified in its charter)       Delaware   001-32877   13-4172551 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   2000 Purchase Street Purchase , New York   10577 (Address of principal executive offices)   (Zip Code) (914) 249-2000 (Registrant’s telephone number, including area code) NOT APPLICABLE (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol   Name of each exchange on which registered Class A Common Stock   MA   New York Stock Exchange 2.1% Notes due 2027   MA27   New York Stock Exchange 1.0% Notes due 2029   MA29A   New York Stock Exchange 2.5% Notes due 2030   MA30   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 8.01 Other Events. On May 9, 2024, Mastercard Incorporated (the “Company”) completed an offering of $1,000,000,