Snowflake prices USD 3.75 billion zero-coupon convertible senior notes offering
Bitget2026/09/29 06:31- Snowflake priced a USD 3.75 billion upsized private placement of 0.00% Convertible Senior Notes.
- Issuance split into USD 2 billion due 2029, USD 1.75 billion due 2031.
- Initial purchasers received 13-day options for up to USD 550 million additional notes; closing expected Oct. 1, 2026.
- Net proceeds estimated at about USD 3.7 billion; earmarked for capped calls, partial 2027 note repurchases, general corporate purposes.
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