Snap Announces Pricing of $650 Million Convertible Senior Notes Offering Due 2030
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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US:NYSE Investor Relations:
investor.snap.com/company-profile
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Source: Business Wire
SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) announced today the pricing of $650 million aggregate principal amount of 0.50% convertible senior notes due 2030 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 $100 million aggregate principal amount of notes. The sale of the notes is expected to close on May 13, 2024, subject to customary closing conditions.The notes will be general unsecured obligations of Snap, and interest of 0.50% per year will be payable semiannually in arrears on May 1 and November 1 of each year, beginning on November 1, 2024.The notes will mature on May 1, 2030, unless repurchased, redeemed, or converted in accordance with their terms prior to the maturity date. The notes will be convertible at the option of the holders prior to the close of business
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News
- Snap Inc. (SNAP) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
- Insider Today: Hair transplants in Istanbul [Business Insider]Business Insider
- Snap (SNAP) Just Flashed Golden Cross Signal: Do You Buy? [Yahoo! Finance]Yahoo! Finance
- Snap Announces Pricing of $650 Million Convertible Senior Notes Offering Due 2030 [Yahoo! Finance]Yahoo! Finance
- I followed Snap Inc. CEO Evan Spiegel's morning routine for a week. I finally understand the appeal of waking up early. [Business Insider]Business Insider
SNAP
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 8-K
- 5/16/24 - Form 144
- SNAP's page on the SEC website