Snap (NYSE: SNAP) announced plans to offer $700 million in senior notes due 2033 through a private placement exempt from SEC registration. The company intends to use the proceeds, along with existing cash, to repurchase portions of its outstanding convertible senior notes due between 2025 and 2028, and for general corporate purposes.
As of February 10, 2025, Snap Inc.’s stock is trading at $12.45, reflecting an increase of $0.15 (1.22%) from the previous close. The day’s trading range has been between $12.30 and $12.60, with an opening price of $12.35 and a volume of 5,432,100 shares.
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