Snap Announces Pricing of $650 Million Convertible Senior Notes Offering Due 2030 marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
What's Going On With Snap Stock? - Snap (NYSE:SNAP) benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Snap Announces Proposed Private Offering of $650 Million of Convertible Senior Notes Due 2030 lelezard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lelezard.com Daily Mail and Mail on Sunday newspapers.
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Snap Inc. (NYSE:SNAP) announced today the pricing of $1.0 billion aggregate principal amount of 0% convertible senior notes due 2027 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, or the Securities Act. Snap also granted the initial purchasers of the notes an option to purchase up to an additional $150.0 million aggregate principal amount of notes. The sale of the notes is expected to close on April 30, 2021, subject to customary closing conditions.
The notes will be general unsecured obligations of Snap. The notes will not bear interest and the principal amounts of the notes will not accrete.