Snowflake Announces Proposed Private Placement Of $1.3B Of 0.00% Convertible Senior Notes Due 2029 And $2.2B Of 0.00% Convertible Senior Notes Due 2031
The notes will be general unsecured obligations of Snowflake and will not bear regular interest and the principal amount of the notes will not accrete. The 2029 notes will mature on October 15, 2029 and the 2031 notes
Snowflake is borrowing $3.5 billion by selling special bonds to investors. These bonds pay no regular interest, so watch if the company needs cash or plans big spending.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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