Block Inc just doubled their debt offering to $2.2 billion - here's what investors need to know
Key Points
- Block Inc increased its debt offering from $1.5 billion to $...
When Block Inc decided to supersize their debt offering from $1.5 billion to $2.2 billion, it wasn't because they miscalculated at the drive-through. The financial equivalent of "can we get extra fries with that?" happened because institutional investors were practically throwing money at them faster than kids grab Halloween candy.
The company announced they're issuing $1.2 billion worth of 5.625% senior notes maturing in 2030, plus another $1.0 billion of 6.000% senior notes due in 2033. Think of these as IOUs with decent interest rates - Block promises to pay you back with a little extra fo...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.