Fintech

EVERFI and Intuit enter into five-year strategic partnership to help nation's students build solid financial foundations and improve tax preparedness

Social impact education innovator, EVERFI, Inc., and Intuit Inc., a global technology leader and maker of TurboTax, QuickBooks, and Mint, have joined forces to empower future generations by providing critical financial and tax education to students nationwide through a first-of-its-kind digital tax simulation available to high schools at no cost.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210426005215/en/

Many young adults enter the workplace feeling uncertain and unprepared financially, especially when it comes to their taxes. In an effort to advance equity and access to critical financial education, the new Intuit TurboTax simulation will be integrated into EVERFI's extensive catalog of high school financial wellness programs with a particular focus on reaching schools and students in low- to moderate-income communities.

"It's time to reimagine our national system of education and ensure that we are empowering students with the critical skills they need to be successful in life," said Ray Martinez, president and co-founder of EVERFI, Inc. "There are a number of day-to-day practical skills that students must learn before moving on to college or the workforce. We applaud Intuit for recognizing the importance of ensuring that this education gets into the hands of all high school students, no matter where they live."

Students using the program will explore tax basics, learn how taxes are calculated, and experience the tax preparation and filing process. The TurboTax simulation will guide students in a fun and engaging way, so they can enter the workforce feeling confident and empowered.

The new TurboTax simulation will be available to high schools beginning in the fall of 2021. EVERFI's on-the-ground implementation team will work directly with school districts, schools, and teachers to activate this simulation across the country and is expected to reach more than three million students nationwide.

"We know how common it is for Americans to find themselves in a financial hole, that's why we believe we have an important role to play in elevating society and providing opportunities for all to advance," said Greg Johnson, general manager and senior vice president at Intuit. "Our work with EVERFI will help the next generation understand their finances, starting with their taxes, and grow accustomed to the tools, products, and resources available to them. We believe that it is important to learn these important financial lessons in schools as it helps build critical foundations for life."

EVERFI's financial wellness courses are developed with both students and teachers in mind to deliver effective instruction in both live and virtual learning models. Through story-based narratives and interactive exercises, students learn to make real-life decisions about their personal finances, as well as how to achieve important goals around saving money, higher education and career planning, budgeting, and now tax preparation. EVERFI's courses are designed using Bloom's taxonomy framework of hierarchical learning and assessment and are aligned with Jump$tart Coalition's National Standards for K-12 Personal Finance Education.

EVERFI and Intuit are committed to empowering local economies by preparing students for jobs in the future and providing them with the tools and education necessary to drive ecosystems of change. This strategic partnership aligns with Intuit's existing Prosperity Hub School District program, which focuses on building critical 21st century skills that students need to prepare for jobs in the future and increasing access to entrepreneurship and personal finance education.

About EVERFI, Inc.

EVERFI is an international technology company driving social change through education to address the most challenging issues affecting society ranging from financial wellness to prescription drug safety to workplace conduct and other critical topics. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) community engagement platform and has reached more than 41 million learners globally. In 2020, the company was recognized as one of the World's Most Innovative Companies by Fast Company and was featured on Fortune Magazine's Impact 20 list. Some of America's leading CEOs and venture capital firms are EVERFI investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, as well as Advance, Rethink Education, Rethink Impact, The Rise Fund, and TPG Growth. To learn more about EVERFI and how you can #answerthecall please visit everfi.com or follow us on Facebook , Instagram , LinkedIn , or Twitter @EVERFI.

About Intuit

Intuit is a global technology platform that helps our customers and communities overcome their most important financial challenges. Serving millions of customers worldwide with TurboTax , QuickBooks , Credit Karma and Mint , we believe that everyone should have the opportunity to prosper and we work tirelessly to find new, innovative ways to deliver on this belief. Please visit us for the latest news and information about Intuit and its brands and find us on social .

Media Contacts:
Jennifer Edgerly
EVERFI
202-871-3637
jedgerly@everfi.com

Stephanie Friswell
Intuit
469-734-8213
stephanie_friswell@intuit.com

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PayPal Announces Expiration and Results of Debt Tender Offer

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the expiration and results of its previously announced offer to purchase for cash any and all of the company's outstanding notes listed in the table below (collectively, the "Notes"). Each reference to an "Offer" herein refers to the applicable offer to purchase for cash the 2.200% Senior Notes due September 2022 (the "2022 Notes") or the 1.350% Senior Notes due June 2023 (the "2023 Notes"), as applicable.

The Offer was made upon the terms and subject to the conditions set forth in the offer to purchase, dated May 16, 2022 (as amended or supplemented from time to time, the "Offer to Purchase"), and its accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

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PayPal Announces Pricing of Debt Tender Offer

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the pricing of its previously announced offer to purchase for cash any and all of the company's outstanding notes listed in the table below (collectively, the "Notes"). Each reference to an "Offer" herein refers to the applicable offer to purchase for cash the 2.200% Senior Notes due September 2022 (the "2022 Notes") or the 1.350% Senior Notes due June 2023 (the "2023 Notes"), as applicable.

The Offer was made upon the terms and subject to the conditions set forth in the offer to purchase, dated May 16, 2022 (as may be amended or supplemented from time to time, the "Offer to Purchase"), and its accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

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IMG Announces Programming for MADE x PayPal, a Two-Day Event Curated By Public School Celebrating Fashion, Culture and Community in New York City

MADE x PayPal will take place June 24 and 25 at St. Ann's Warehouse in Brooklyn Bridge Park and showcase a wide array of emerging and diverse talent across fashion, music and the arts

MADE x PayPal announces its programming schedule for the two-day fashion experience taking place June 24-25, 2022 at St. Ann's Warehouse in Brooklyn Bridge Park in New York City . Curated by Dao-Yi Chow and Maxwell Osborne of Public School , MADE x PayPal will bring the NYC community together to celebrate a diverse group of emerging creatives and local small businesses. Highlights include fashion shows, performances, DJ sets and special appearances by Nas, Parris Goebel Heron Preston, among others. Elsa Majimbo will serve as MADE x PayPal's official correspondent. MADE x PayPal, produced by IMG FOCUS ., will be open to the public, and guests can register for free tickets on the event website at Ma.de .

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FIS is Building the Bridge to the Metaverse: Tips for the New Digital Frontier

Key facts

  • At its annual FIS Emerald client event, FIS launched its metastore allowing attendees to get hands on experience with transactions in the metaverse.
  • Initiative supports FIS' leadership role in creating the bridge from physical to digital which includes working with cryptocurrency exchanges and all forms of money movement technology to enable shopping and other transactions.

The metaverse is opening a new frontier of opportunities in the digital economy. As a financial technology leader, FIS ® (NYSE: FIS) is creating a bridge from physical to digital and looking to enhance customer experience for businesses that are innovating in this nascent market.

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PayPal Announces Pricing of Senior Notes Offering

PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it has priced its offering of $3.0 billion aggregate principal amount of senior notes, consisting of $500 million aggregate principal amount of 3.900% notes due 2027, $1 billion aggregate principal amount of 4.400% notes due 2032, $1 billion aggregate principal amount of 5.050% notes due 2052 and $500 million aggregate principal amount of 5.250% notes due 2062. The offering is expected to close May 23, 2022 subject to customary closing conditions.

PayPal Logo (PRNewsfoto/PayPal)

PayPal estimates that the proceeds from the offering will be approximately $2.99 billion , before deducting offering expenses. PayPal intends to use a portion of the proceeds from the offering to fund the purchase for cash of any and all of the Company's outstanding 2.200% Notes due 2022 and 1.350% Notes due 2023 pursuant to the tender offer that commenced on May 16, 2022 and for the payment of related and unpaid interest, premiums, fees and expenses. PayPal intends to use the remainder for general corporate purposes, which may include funding the repayment or redemption of any 2022 Notes and 2023 Notes that are not validly tendered and accepted for payment in the tender offer, as well as other outstanding debt, share repurchases, ongoing operations, capital expenditures and possible acquisitions of businesses or assets or strategic investments.

BofA Securities, Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint book-running managers of the offering.

This offering is being made under an automatic effective shelf registration statement on Form S-3 filed by PayPal with the Securities and Exchange Commission (the "SEC") and only by means of a prospectus supplement and accompanying prospectus. Before you invest, you should read the prospectus supplement and accompanying prospectus, as well as other documents PayPal has filed or will file with the SEC for more complete information about PayPal and this offering. These documents may be obtained for free by searching the SEC online database (EDGAR) on the SEC website at www.sec.gov . Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus, and, when available, the final prospectus supplement for the offering may be obtained by contacting: BofA Securities, Inc. at NC1-004-03-43 200 North College Street, 3rd floor Charlotte NC 28255-0001 Attention: Prospectus Department, e-mail: dg.prospectus_requests@bofa.com , telephone: 1-800-294-1322; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, e-mail: prospectus-ny@ny.email.gs.com ; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 1-866-718-1649.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About PayPal

PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering 429 million consumers and merchants in more than 200 markets to join and thrive in the global economy.

Forward-Looking Statements

This press release contains "forward-looking" statements within the meaning of applicable securities laws, including statements related to the anticipated terms of the offering, the anticipated closing of the offering, the expected use of proceeds of the notes and other statements that are not historical fact. These forward-looking statements can be identified by words such as "may," "will," "would," "should," "could," "expect," "anticipate," "believe," "estimate," "intend," "strategy," "future," "opportunity," "plan," "project," "forecast" and other similar expressions. Forward-looking statements are based upon various estimates and assumptions, as well as information known to PayPal as of the date of this press release, and are inherently subject to numerous risks and uncertainties. Accordingly, actual results could differ materially from those predicted or implied by forward-looking statements.  For the reasons discussed above, you should not place undue reliance on the forward-looking statements in this press release. PayPal assumes no obligation to update such forward-looking statements, except as required by law.

Investor Relations Contacts
Gabrielle Rabinovitch
grabinovitch@paypal.com

Ryan Wallace
ryanwallace@paypal.com

Media Relations Contacts
Josh Criscoe
jcriscoe@paypal.com

Taylor Watson
taywatson@paypal.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/paypal-announces-pricing-of-senior-notes-offering-301548490.html

SOURCE PayPal Holdings, Inc.

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PayPal Announces Debt Tender Offer

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced its offer to purchase for cash any and all of the company's outstanding notes listed in the table below (collectively, the "Notes"). Each reference to an "Offer" herein refers to the applicable offer to purchase for cash the 2.200% Senior Notes due September 2022 (the "2022 Notes") or the 1.350% Senior Notes due June 2023 (the "2023 Notes"), as applicable.

The Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated May 16, 2022 (as may be amended or supplemented from time to time, the "Offer to Purchase "), and its accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase , the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase .

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