Snowflake Announces Proposed Private Placement of $3.5 Billion of 0.00% Convertible Senior Notes

Snowflake Inc. (NYSE:SNOW) (“Snowflake”), the AI Data Cloud Company, today announced that it intends to offer, subject to market conditions and other factors, $1.3 billion aggregate principal amount of its 0.00% Convertible Senior Notes due 2029 (the “2029 notes”) and $2.2 billion aggregate princip…