Snowflake Expects to Use Net Proceeds to Pay Capped Call Transactions, General Corporate Purposes >SNOW
Snowflake Expects to Use Net Proceeds to Pay Capped Call Transactions, General Corporate Purposes >SNOW
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Snowflake prices upsized $3.75 billion convertible senior notes private placement
Snowflake priced $2.0 billion of 0.00% convertible senior notes due 2029 and $1.75 billion due 2031 in a private placement. The company said the offering was upsized from $3.5 billion and expects net proceeds of about $3.70 billion.
Snowflake to sell $3.5 billion of 0.00% convertible senior notes
Snowflake said it intends to offer $1.3 billion of 2029 notes and $2.2 billion of 2031 notes in a private placement. The company expects to use proceeds to pay capped call costs, repurchase some 2027 notes and for general corporate purposes.