Block, Inc. has entered into an Amended and Restated Revolving Credit Agreement with a group of lenders and Goldman Sachs Bank USA serving as the administrative agent. This new agreement increases Block's unsecured revolving loan facility from $775 million to $900 million and extends the maturity date to January 14, 2031. The agreement includes customary covenants, such as restrictions on incurring additional debt and granting liens, and requires Block to maintain a maximum total net leverage ratio, measured quarterly. In the event of default, the lenders' commitments may be terminated and outstanding obligations accelerated. The facility allows Block to borrow, prepay without penalty, and reborrow, subject to customary conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Block Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-012944), on January 14, 2026, and is solely responsible for the information contained therein.
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