Snap Inc. plans $700 million note issuance, receives 'B+' rating from S&P Global
Snap Inc (NYSE:SNAP)., a U.S.-based technology, media, and communications company, has proposed to issue $700 million of senior unsecured notes due 2033. The company intends to use the proceeds from the issuance to prepay a portion of its existing convertible senior notes and for other general corporate purposes.
Snap Announces Pricing of Upsized Offering of $1.5 Billion of Senior Notes Due 2033
Snap Inc. (NYSE: SNAP) announced today the pricing of $1.5 billion aggregate principal amount of 6.875% senior notes due 2033, or the notes, in a private offering that is exempt from the registration requirements of the Securities Act of 1933,
Snap Plans $700 Million Junk Offering to Buy Back Convertibles
Snap Inc. plans to offer $700 million of junk bonds to repurchase convertible debt, the social-media company said in a statement on Monday.
Snap Inc. receives B1 CFR from Moody's Ratings, outlook positive
Ratings assigned a B1 corporate family rating (CFR) and B1 rating to the proposed senior unsecured notes maturing in 2033 to Snap Inc (NYSE:SNAP). The company also received a Ba3-PD probability of default rating (PDR) and an SGL-1 Speculative Grade Liquidity (SGL) rating,
Snap stock falls following $700M notes offering announcement
Shares of Snap Inc . (NYSE: NYSE:SNAP) dropped 2.5% after the company announced its intention to offer $700 million in senior notes due in 2033. The private offering aims to refinance existing debt and fund general corporate activities,
Snap’s increased AI spending may push profits even further out
Guggenheim downgraded Snap’s stock, warning that increased AI investments could defer operating profits until 2027.
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Snap Appoints Ajit Mohan as Chief Business Officer
Snapchat's parent company Snap Inc. has appointed its Asia Pacific President, Ajit Mohan as its new Chief Business Officer.
What's Going On With Snap Stock Monday?
Before the market open on Monday, Snap announced that it intends to offer $700 million of senior notes due 2033 in a private offering.
Snap Inc. stock underperforms Monday when compared to competitors
Shares of Snap Inc. SNAP shed 1.92% to $10.71 Monday, on what proved to be an all-around great trading session for the stock ...
Snap Q4 Earnings: A Turning Point Or Just A Blip? Tough Call (Rating Upgrade)
Snap's near-term prospects include innovative developments in augmented reality and personalization. Check out why I'm ...
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Snap Inc - Class A
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Snap Shares Tank as Disappointing Outlook Overshadows Sales Beat
Snap Inc. shares slid by the most in six months after the Snapchat owner issued a disappointing earnings outlook, taking away ...
Snap-on's Sr. VP Jesus Arregui sells shares worth over $2.1m
Senior Vice President and President of Commercial, Jesus Arregui, executed significant stock sales. On February 10, Arregui ...