Snap Inc. announced this week that it aims to raise a billion dollars in debt. Snap (NYSE: SNAP) also increased the option it intends to give the initial purchasers of the notes to an additional $165 million principal amount of notes. The notes will have an initial conversion rate of about 44 shares of Snap Class A common stock per $1,000 principal amount of notes, which is subject to adjustment in certain circumstances. Read More...
This week in L.A. funding news: Snap ups debt financing to $1.1B… Dogdrop opens
Snap Inc. announced this week that it aims to raise a billion dollars in debt. Snap (NYSE: SNAP) also increased the option it intends to give the initial purchasers of the notes to an additional $165 million principal amount of notes. The notes will have an initial conversion rate of about 44 shares of Snap Class A common stock per $1,000 principal amount of notes, which is subject to adjustment in certain circumstances.
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