Every 424B that Visa (V) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow V and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full V filings page.
Visa is conducting an exchange offer to permit holders of Eligible Class B common stock (Class B-1 and Class B-2) to tender shares in exchange for newly issued Class B-3 common stock, Class C common stock and any applicable cash in lieu of fractional shares. The Exchange Offer requires each participating holder (and any Parent Guarantors) to execute a Makewhole Agreement that may create unlimited payment obligations tied to future downward adjustments to the Applicable Conversion Rate. The Exchange Offer expires one minute after 11:59 p.m., New York City time, on May 8, 2026 (the Expiration Date) unless extended. Based on current Applicable Conversion Rates, Visa would issue approximately 0.2877 Class C shares per Class B-1 share accepted and approximately 0.1884 Class C shares per Class B-2 share accepted; if 100% of Eligible Class B stock is exchanged, Visa would issue about 61.38 million Class B-3 shares and 24.07 million Class C shares (pre-rounding).
Visa Inc. is issuing $3.0 billion of unsecured senior notes in four tranches: $900 million at 3.800% due 2029, $750 million at 4.100% due 2031, $700 million at 4.400% due 2033 and $650 million at 4.700% due 2036. Interest is paid semi‑annually each February 12 and August 12, starting August 12, 2026.
The notes rank equally with Visa’s other unsecured senior debt and are not guaranteed by subsidiaries. Visa may redeem them early at make‑whole Treasury‑rate prices before specified par call dates, and at 100% of principal plus interest thereafter. The notes will not be listed, and active trading markets may not develop.
Visa expects net proceeds of about $2.98 billion, to be used for general corporate purposes, which may include refinancing existing debt. Risk factors highlight potential price volatility, lack of covenants limiting future borrowing, and effective subordination to any secured and subsidiary indebtedness.
Visa Inc. plans a primary offering of multiple series of senior unsecured notes under its existing shelf registration. The notes will pay interest semi-annually beginning in 2026 and will rank equally with Visa’s other unsecured, unsubordinated debt.
Visa may redeem each series before maturity at a make-whole premium based on a Treasury Rate plus a series-specific spread, and at par plus accrued interest on or after the applicable par call date. The notes will be issued in minimum denominations of $2,000, in book-entry form through DTC, Clearstream and Euroclear, and will not be listed on any securities exchange.
Visa expects to use the net proceeds for general corporate purposes, which may include refinancing existing indebtedness. The filing highlights risks such as the lack of an assured trading market, potential price volatility driven by interest rates and credit ratings, and the notes’ effective subordination to any future secured debt and to liabilities of subsidiaries.