On May 6, 2024, Block, Inc. (Block), a global technology company with a focus on financial services, priced an offering of $2 billion in aggregate principal amount of its 6.50% senior notes due 2032 (the notes). The sale of the notes closed on May 9, 2024. Block intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include the repayment of debt under its existing notes, potential acquisitions and strategic transactions, capital expenditures, investments, and working capital.

For more information, please see Block’s 8-K filing with the SEC.

Wilson Sonsini Goodrich & Rosati advised Block on the transaction. The Wilson Sonsini team included:

Corporate
Lisa Stimmell
Gordon Grafft
Arjun Adusumilli
Partha Vora 

Corporate Finance
Erik Franks
Andrew Ralston
Alex Weber
Katie Barnes
Ryan Isola
Eaton Liu
Roshanne Arathoon
Jinny Park 

Tax
Dave Strong
Jason Sacks
Han Shen

Fintech and Financial Services
Marc Foster