Block, Inc. Announces $1.5 Billion Offering of Senior Notes

DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (“Block”) (NYSE: XYZ) today announced its intention to offer, subject to market conditions and other factors, $1.5 billion aggregate principal amount of senior notes in two series (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”), and outside the United States to non-U.S. persons pursuant to Reg