Visa Inc. Reports Unregistered Equity Sales

TL;DR

Visa sold notes due 2026, 2029, and 2034 - check the details.

AI Summary

On July 10, 2024, Visa Inc. filed an 8-K report detailing unregistered sales of equity securities. The filing indicates the issuance of notes maturing in 2026, 2029, and 2034, with specific details on these transactions being provided within the document.

Why It Matters

This filing provides insight into Visa's capital raising activities and potential future dilution from equity-linked instruments.

Risk Assessment

Risk Level: low — The filing reports on standard financial transactions and does not indicate any immediate or significant risks to the company.

Key Players & Entities

• Visa Inc. (company) — Registrant
• July 10, 2024 (date) — Date of Report
• 2026 (date) — Maturity of Notes
• 2029 (date) — Maturity of Notes
• 2034 (date) — Maturity of Notes

FAQ

From the Filing

0001403161-24-000035.txt : 20240710 0001403161-24-000035.hdr.sgml : 20240710 20240710161005 ACCESSION NUMBER: 0001403161-24-000035 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240710 ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20240710 DATE AS OF CHANGE: 20240710 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VISA INC. CENTRAL INDEX KEY: 0001403161 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 260267673 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33977 FILM NUMBER: 241110050 BUSINESS ADDRESS: STREET 1: P.O. BOX 8999 CITY: SAN FRANCISCO STATE: CA ZIP: 94128-8999 BUSINESS PHONE: 650-432-3200 MAIL ADDRESS: STREET 1: P.O. BOX 8999 CITY: SAN FRANCISCO STATE: CA ZIP: 94128-8999 FORMER COMPANY: FORMER CONFORMED NAME: Visa Inc. DATE OF NAME CHANGE: 20070614 8-K 1 v-20240710.htm 8-K v-20240710 0001403161 false 0001403161 2024-07-10 2024-07-10 0001403161 us-gaap:CommonClassAMember 2024-07-10 2024-07-10 0001403161 v:A2026NotesMember 2024-07-10 2024-07-10 0001403161 v:A2029NotesMember 2024-07-10 2024-07-10 0001403161 v:A2034NotesMember 2024-07-10 2024-07-10 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): July 10, 2024     VISA INC. (Exact name of Registrant as Specified in Its Charter)             Delaware   001-33977   26-0267673 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)         P.O. Box 8999   San Francisco, California   94128-8999 (Address of Principal Executive Offices) (Zip Code) Registrant’s Telephone Number, Including Area Code: ( 650 ) 432-3200 N/A (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: ☐ 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, par value $0.0001 per share V New York Stock Exchange 1.500% Senior Notes due 2026 V26 New York Stock Exchange 2.000% Senior Notes due 2029 V29 New York Stock Exchange 2.375% Senior Notes due 2034 V34 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 3.02 Unregistered Sales of Equity Securities. On July 10, 2024, Visa Inc. (“Visa” or the “Company”) announced that it will release approximately $2.7 billion from its Series B and Series C Convertible Participating Preferred Stock (“Series B Preferred Stock” and “Series C Preferred Stock,” respectivel