The Firm recently represented the initial purchasers, led by Goldman Sachs & Co. LLC, in connection with Block, Inc.’s offering of $1.2 billion aggregate principal amount of 5.625% Senior Notes due 2030 and $1.0 billion aggregate principal amount of 6.000% Senior Notes due 2033. The notes were offered to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act of 1933, as amended.
Block, Inc. is a global technology company with a focus on financial services. Made up of Square, Cash App and relatively nascent businesses with TIDAL and two bitcoin businesses, Bitkey and Proto, Block is building an ecosystem dedicated to the economic empowerment and unlocking access to the financial system for people around the world.
The Simpson Thacher team included Dan Webb, Karen Reyes, William Perrone, Saakna Batbayar and Simone Hernandez (Capital Markets); Tristan Brown and Pasco Struhs (Executive Compensation and Employee Benefits); Jeanne Annarumma (ERISA); Jonathan Cantor, Edward Grais and Michael Slomovics (Tax); Corina Holland and Alexander Kokka (Intellectual Property); and Jennie Getsin (Blue Sky).