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July 31, 2015 6:09 PM ET

IT Services

Company Overview of PayPal Holdings, Inc.

Company Overview

PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, as well as at offline retail locations through a range of payment solutions across company’s payments platform, including PayPal, PayPal Credit, Venmo, and Braintree products. The company’s platform allows customers to pay and get paid, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies. The company was founded in 1998 and is based in San Jose, California. PayPal Holdings, In...

2211 North First Street

San Jose, CA 95131

United States

Founded in 1998

15,800 Employees

Key Executives for PayPal Holdings, Inc.

Chief Executive Officer, President and Director
Age: 57
Total Annual Compensation: $204.2K
Chief Financial Officer
Total Annual Compensation: $570.9K
Chief Technology Officer and Senior Vice President of Payment Services
Age: 46
Total Annual Compensation: $536.3K
Senior Vice President and Global Head of Consumer Business
Total Annual Compensation: $460.9K
Senior Vice President and Global Head of Merchant & Next-Generation Commerce
Total Annual Compensation: $302.3K
Compensation as of Fiscal Year 2014.

PayPal Holdings, Inc. Key Developments

PayPal Holdings, Inc. Hires Marcia Morales-Jaffe as Chief Human Resources Officer, Effective August 10, 2015

On July 21, 2015, PayPal Holdings, Inc. announced the hiring of Marcia Morales-Jaffe as the company's Chief Human Resources Officer, effective August 10, 2015, reporting to the company's Chief Executive Officer, Daniel H. Schulman. From October 2006 through July 2015, Ms. Morales-Jaffe served as Senior Vice President, People and Performance at World Fuel Services Corporation, responsible for leading the global human resources function.

PayPal Holdings Inc. Appoints John Donahoe as Nonexecutive Chairman; Enters Unsecured $2.0 Billion Revolving Credit Facility Credit Agreement

PayPal Holdings Inc. announced that its board appointed John Donahoe as nonexecutive chairman, effective July 17. In addition, PayPal Holdings, as borrower, and PayPal Inc., as subsidiary guarantor, on July 17 entered a credit agreement for an unsecured $2.0 billion five-year revolving credit facility that includes a $150 million letter of credit subfacility and a $150 million swingline subfacility, with available borrowings under the revolving credit facility reduced by the amount of any letters of credit and swingline borrowings outstanding from time to time. PayPal Holdings may also, subject to the agreement of the applicable lenders, increase the commitments under the revolving credit facility by up to $500 million. The companies entered the agreement with JPMorgan Chase Bank NA, as administrative agent; certain lenders; Deutsche Bank Securities Inc., Bank of America NA and Wells Fargo Bank NA as syndication agents; BNP Paribas, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and The Bank of Tokyo-Mitsubishi UFJ Ltd., as documentation agents; and J.P. Morgan Securities LLC, Deutsche Bank Securities, Merrill Lynch Pierce Fenner & Smith Inc. and Wells Fargo Securities LLC, as joint lead arrangers and joint book managers. Subject to specified conditions, the company may designate one or more of its subsidiaries as additional borrowers under the credit agreement provided that the company and the guarantor guarantee all borrowings and other obligations of any such subsidiaries under the credit agreement.

PayPal Holdings, Inc.(NasdaqGS:PYPL) added to NASDAQ Composite Index

PayPal Holdings, Inc. has been added to Nasdaq Composite Index.

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