Snap (NYSE: SNAP) has announced the pricing of $1.5 billion in aggregate principal amount of 6.875% senior notes due 2033 in a private offering. The sale is expected to close on February 14, 2025, subject to customary closing conditions. The company plans to use the net proceeds to repurchase portions of its outstanding convertible senior notes due 2026, 2027, and 2028, with the remainder allocated for general corporate purposes.
As of 10:27 AM EST on February 12, 2025, Snap Inc. (NYSE: SNAP) shares are trading at $10.735, down 0.01242% from the previous close. The day’s trading range has been between $10.68 and $11.00, with an opening price of $10.67 and a volume of 2,359,323 shares.
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About Snap Inc.
Snap Inc. is a technology company that believes the camera presents the greatest opportunity to improve the way people live and communicate. The company contributes to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together.
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