Snowflake announces a private offering of $3.5 billion in convertible senior notes.
According to 36Kr, Snowflake announced a private offering of $3.5 billion in zero-coupon convertible senior notes, consisting of $1.3 billion due 2029 and $2.2 billion due 2031. The net proceeds will be used to fund costs for capped call trades, cash repurchases of 2027 notes, and general corporate purposes including share repurchases, acquisitions, and strategic investments.
Key facts
- 01Snowflake plans a private offering of convertible senior notes totaling $3.5 billion.
- 02The notes are zero-coupon and include $1.3 billion due 2029 and $2.2 billion due 2031.
- 03Net proceeds will fund capped call costs, cash repurchases of 2027 notes, and general corporate purposes including share repurchases, acquisitions, and strategic investments.
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- Snowflake拟发行35亿美元零息可转债 · 36氪