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.
Copyright(c) 2025 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2025 AFX News
