Block amends revolving credit facility, raising it to $900.0 million from $775.0 million
Block entered into an amended and restated unsecured revolving credit agreement with Goldman Sachs Bank USA as administrative agent, increasing the facility from up to $775.0 million to up to $900.0 million and extending maturity to January 14, 2031. The filing states no borrowings or letters of credit were outstanding as of January 14, 2026, so the change adds available borrowing capacity rather than existing debt.
Key points
- Facility size increased from up to $775.0 million to up to $900.0 million
- Maturity extended to January 14, 2031, subject to a liquidity-based earlier maturity tied to certain convertible and senior notes
- Loans priced at Term SOFR plus 1.25% to 1.75%, or base rate plus 0.25% to 0.75%, depending on total net leverage ratio
- No borrowings or letters of credit outstanding as of January 14, 2026
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.