Visa (NYSE: V) sells new unsecured senior notes maturing 2029–2036

Rhea-AI Filing Summary

Visa Inc. disclosed a new debt financing, issuing four series of unsecured senior notes under its automatic shelf registration. The company sold $900 million of 3.800% Notes due 2029, $750 million of 4.100% Notes due 2031, $700 million of 4.400% Notes due 2033 and $650 million of 4.700% Notes due 2036. All notes mature on February 12 of their respective years and pay interest semi-annually on February 12 and August 12, starting August 12, 2026.

The notes were issued pursuant to an existing indenture with U.S. Bank Trust Company, National Association as trustee and include customary event of default provisions. Each series is redeemable at the company’s option, with a make-whole call at a Treasury Rate plus a small spread before specified dates, and a par call thereafter.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 3, 2026

VISA INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware (State or Other Jurisdiction of Incorporation)			001-33977 (Commission File Number)						26-0267673 (IRS Employer Identification No.)
P.O. Box 8999 San Francisco, California (Address of Principal Executive Offices)						94128-8999 (Zip Code)

Registrant’s Telephone Number, Including Area Code: (650) 432-3200

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Class A Common Stock, par value $0.0001 per share

V

New York Stock Exchange

1.500% Senior Notes due 2026

V26

New York Stock Exchange

2.250% Senior Notes due 2028

V28

New York Stock Exchange

2.000% Senior Notes due 2029

V29

New York Stock Exchange

3.125% Senior Notes due 2033

V33

New York Stock Exchange

2.375% Senior Notes due 2034

V34

New York Stock Exchange

3.500% Senior Notes due 2037

V37

New York Stock Exchange

3.875% Senior Notes due 2044

V44

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.    Other Events.

On February 3, 2026, Visa Inc. (the “Company”) announced an offering of $900,000,000 of its 3.800% Senior Notes due 2029 (the “2029 Notes”), $750,000,000 of its 4.100% Senior Notes due 2031 (the “2031 Notes”), $700,000,000 of its 4.400% Senior Notes due 2033 (the “2033 Notes”) and $650,000,000 of its 4.700% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes, the 2031 Notes and the 2033 Notes, the “Notes”).

The Notes were offered and sold pursuant to an Underwriting Agreement (the “Underwriting Agreement”) dated February 3, 2026 among the Company and the several underwriters named therein, under the Company’s automatic shelf registration statement as amended (the “Registration Statement”) on Form S-3 (Registration No. 333-280966), filed with the Securities and Exchange Commission (the “SEC”) on July 24, 2024. The Company has filed with the SEC a prospectus supplement dated February 3, 2026, together with the accompanying prospectus dated July 24, 2024, relating to the offer and sale of the Notes. The Notes were issued on February 12, 2026 pursuant to an indenture dated as of December 14, 2015 (the “Indenture”) between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee. The Notes are unsecured obligations of the Company. The Indenture also contains customary event of default provisions. The following table summarizes information about the Notes and the offering thereof.

Title of securities

3.800% Senior Notes due 2029

4.100% Senior Notes due 2031

4.400% Senior Notes due 2033

4.700% Senior Notes due 2036

Aggregate principal amount sold

$900,000,000

$750,000,000

$700,000,000

$650,000,000

Maturity date

February 12, 2029

February 12, 2031

February 12, 2033

February 12, 2036

Public offering price

99.885% of the principal amount

99.866% of the principal amount

99.744% of the principal amount

99.881% of the principal amount

Interest payment dates

Semi-annually on each February 12 and August 12 commencing on August 12, 2026

Semi-annually on each February 12 and August 12 commencing on August 12, 2026

Semi-annually on each February 12 and August 12 commencing on August 12, 2026

Semi-annually on each February 12 and August 12 commencing on August 12, 2026

Coupon

3.800%

4.100%

4.400%

4.700%

Optional redemption

Prior to January 12, 2029, make-whole call at the applicable Treasury Rate (as defined in the 2029 Notes) plus 5 basis points; par call at any time thereafter

Prior to January 12, 2031, make-whole call at the applicable Treasury Rate (as defined in the 2031 Notes) plus 5 basis points; par call at any time thereafter

Prior to December 12, 2032, make-whole call at the applicable Treasury Rate (as defined in the 2033 Notes) plus 10 basis points; par call at any time thereafter

Prior to November 12, 2035, make-whole call at the applicable Treasury Rate (as defined in the 2036 Notes) plus 10 basis points; par call at any time thereafter

The above description of the Underwriting Agreement, the Indenture and the Notes is qualified in its entirety by reference to the Underwriting Agreement, the Indenture and the forms of the Notes. Each of the Underwriting Agreement and the forms of the 2029 Notes, the 2031 Notes, the 2033 Notes and the 2036 Notes are incorporated by reference into the Registration Statement and are attached to this Current Report on Form 8-K as Exhibit 1.1, Exhibit 4.1, Exhibit 4.2, Exhibit 4.3 and Exhibit 4.4, respectively. The Indenture was previously incorporated by reference into the Registration Statement pursuant to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on December 14, 2015. An opinion regarding the legality of the Notes is incorporated by reference into the Registration Statement and is attached to this Current Report on Form 8-K as Exhibit 5.1; and a consent relating to such incorporation of such opinion is incorporated by reference into the Registration Statement and is attached to this Current Report on Form 8-K as Exhibit 23.1 by reference to its inclusion within Exhibit 5.1.

Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number			Description
1.1			Underwriting Agreement dated February 3, 2026 among Visa Inc. and the several underwriters named therein
4.1			Form of 3.800% Senior Notes due 2029
4.2			Form of 4.100% Senior Notes due 2031
4.3			Form of 4.400% Senior Notes due 2033
4.4			Form of 4.700% Senior Notes due 2036
5.1			Opinion of Davis Polk & Wardwell LLP
23.1			Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.1)
104			Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

VISA INC.

Date:

February 12, 2026

By:

/s/ Chris Suh

Chris Suh

Chief Financial Officer

FAQ

What type of debt did Visa (V) issue in this 8-K?

Visa issued four series of unsecured senior notes. These include 3.800% notes due 2029, 4.100% notes due 2031, 4.400% notes due 2033 and 4.700% notes due 2036, all under its automatic shelf registration.

How much did Visa (V) raise in each new senior note series?

Visa sold four separate principal amounts. It issued $900 million of 3.800% Notes due 2029, $750 million of 4.100% Notes due 2031, $700 million of 4.400% Notes due 2033 and $650 million of 4.700% Notes due 2036 to investors.

When do Visa’s new senior notes start paying interest and how often?

Interest payments begin on August 12, 2026. All four Visa note series pay interest semi-annually on February 12 and August 12 each year, starting August 12, 2026, through their respective maturity dates in 2029, 2031, 2033 and 2036.

Are Visa’s new senior notes secured or unsecured obligations?

The new senior notes are unsecured obligations of Visa. They were issued under an existing indenture with U.S. Bank Trust Company, National Association as trustee and include customary event of default provisions typical for this type of corporate debt.

What optional redemption features apply to Visa’s new senior notes?

Visa can redeem each series before maturity. Before specified dates, it may use a make-whole call at a Treasury Rate plus 5 or 10 basis points, depending on the series, and after those dates it may redeem the notes at par.

Under what registration statement did Visa (V) issue these notes?

The notes were issued under an automatic shelf registration. Visa used its Form S-3 registration statement (No. 333-280966), originally filed on July 24, 2024, with a February 3, 2026 prospectus supplement covering this bond offering.

Filing Exhibits & Attachments

10 documents

Other Documents

• EX-1.1 EX-1.1 303.1 KB
• EX-4.1 EX-4.1 42.0 KB
• EX-4.2 EX-4.2 41.9 KB
• EX-4.3 EX-4.3 41.9 KB
• EX-4.4 EX-4.4 41.6 KB
• EX-5.1 EX-5.1 10.7 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 3.6 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 17.5 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 32.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 18.6 KB