Snowflake Inc. (SNOW) Plans $3.5B 0% Convertible Notes Offering

Snowflake plans a private placement of $1.3B 0.00% convertible notes due 2029 and $2.2B due 2031, with options for $500M more. Proceeds to fund capped calls, repurchase a portion of 2027 notes, and for general corporate purposes.Material DetailsContext by AI AnalystThis is a mid-cycle balance sheet…