Tuesday, August 6, 2019

Snap Seeks To Raise $1.0 Billion In Debt Offering

Santa Monica-based Snap says it is looking to raise $1.0 billion in new funding, through a convertible senior note offering and private placement. According to Snap, the convertible senior notes will be due in 2026, and will be a private placement to qualified institutional buyers. Snap also said it intends to grant the initial purchasers of the notes an op

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