PayPal issued $2.0 billion in aggregate principal amount of senior notes. The offering consists of $650 million in 4.550% notes due 2028, $850 million in 4.950% notes due 2031, and $500 million in 5.550% notes due 2036. Interest on all notes is payable semi-annually on June 1 and December 1, beginning December 1, 2026. The notes are unsecured senior obligations and rank equally with existing and future unsecured, unsubordinated debt.