Snowflake prices $3.75B upsized private placement of 0.00% convertible senior notes
Snowflake (SNOW) priced an upsized private placement of $3.75 billion of 0.00% convertible senior notes.
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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 Prices Upsized Private Placement of $3.75 Billion of 0.00% Convertible Senior Notes
Snowflake Inc. (NYSE:SNOW) (“Snowflake”), the AI Data Cloud Company, today announced the pricing of $2.0 billion aggregate principal amount of its 0.00% Convertible Senior Notes due 2029 (the “2029 notes”) and $1.75 billion aggregate principal amount of its 0.00% Convertible Senior Notes due 2031…