Snap Inc

NYSE:SNAPUnited States

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• Snap Plans $650 Million Senior Notes Offering, from 7 hours ago by MT Newswires

  7 hours ago by MT Newswires
  Companies Mentioned: SNAP
  10:10 AM EDT, 05/08/2024 (MT Newswires) -- Snap (SNAP) said Wednesday it intends to offer $650 million of convertible senior notes due 2030 in a private placement. The company said it will grant the initial purchasers an option to buy up to an addit...

• DJ Stocks to Watch Wednesday: Shopify, Uber, Reddit, Intel -- WSJ, from 8 hours ago by Dow Jones

  8 hours ago by Dow Jones
  Companies Mentioned: INTC, SNAP, LYFT, UBER, DV, RIVN, RDDT, SHOP, SHOP
  
  By Chelsey Dulaney
  
  Uber Technologies (UBER): The ride-hailing company swung to a surprise loss last quarter. Its shares, which were up ahead of the earnings, fell more than 8% after the market open.
  

• DJ Snap's Stock Drops After $650 Million Convertible Debt Offering -- MarketWatch, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: SNAP
  
  Shares of Snap Inc. (SNAP) sank 4% in premarket trading, after the parent of the video-messaging app Snapchat announced a private offering of $650 million of convertible debt. The offering comes after the stock had rocketed 50.4% since the company reported fiscal second-quarter results after the April 25 close. The notes, due 2030, will be convertible to cash or shares of Snap common stock. The interest rate and conversion rate of the debt have not yet been determined. The company said it plans to use the proceeds from the offering to buy back some outstanding convertible notes, due 2025 and 2026, and for general corporate purposes. The stock, which closed Tuesday at a four-month high, has soared 103.6% over the past 12 months, while the S&P 500 has gained 25.4%.
  

• Snap Announces Proposed Private Offering of $650 Million of Convertible Senior Notes Due 2030, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: SNAP
  
  to access additional financing; future acquisitions, divestitures or investments; and the potential adverse impact of climate change, natural disasters, health epidemics, macroeconomic conditions, and war or other armed conflict, as well as risks, uncertainties, and other factors described in "Risk Factors" in Snap's Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, which is available on the SEC's website at sec.gov. In addition, any forward-looking statements contained in this press release are based on assumptions that Snap believes to be reasonable as of this date. Snap undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, including future developments related to geo-political conflicts and macroeconomic conditions, except as required by law.
  

• Snap Announces Proposed Private Offering of $650 Million of Convertible Senior Notes Due 2030, from 10 hours ago by Business Wire

  10 hours ago by Business Wire
  Companies Mentioned: SNAP

  Snap Inc. (NYSE: SNAP) announced today that it intends to offer, subject to market conditions and other factors, $650 million aggregate principal amount of convertible senior notes due 2030 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, or the Securities Act. Snap also intends to grant the initial purchasers of the notes an option to purchase up to an additional $100 million aggregate principal amount of notes.