WASHINGTON (dpa-AFX) - Snap Inc. (SNAP) Thursday said it intends to privately offer $500 million of senior notes due 2034.
Snap expects to use proceeds from the offering to repurchase a portion of its outstanding convertible senior notes due 2026, due 2027, due 2028, and/or due 2030. Remaining proceeds are expected to be used for general corporate purposes, including working capital, acquisitions, or other repurchases of Snap's securities.
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