Summary
Visa Inc. (V) has announced the successful issuance of $3.15 billion in senior notes across four tranches, with maturities ranging from 2029 to 2036. The offering comprises $900 million of 3.800% Senior Notes due 2029, $750 million of 4.100% Senior Notes due 2031, $700 million of 4.400% Senior Notes due 2033, and $650 million of 4.700% Senior Notes due 2036. These notes are unsecured obligations of the company and were issued under its existing shelf registration statement.
Key Highlights
- 1Visa Inc. raised a total of $3.15 billion through the issuance of senior notes.
- 2The notes are structured into four series with varying maturities: 2029, 2031, 2033, and 2036.
- 3Coupon rates range from 3.800% for the 2029 notes to 4.700% for the 2036 notes.
- 4The offering was conducted under Visa's automatic shelf registration statement, indicating a streamlined process.
- 5The notes are unsecured obligations of Visa Inc., backed by the company's general creditworthiness.
- 6The issuance includes customary optional redemption provisions, allowing Visa to redeem the notes under specific conditions, including make-whole calls and par calls.
- 7Interest payments on all notes will be made semi-annually.