Snowflake plans USD 3.5 billion 0% convertible senior notes offering
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- Snowflake plans a private placement of USD 3.5 billion of 0.00% convertible senior notes.
- Issuance includes USD 1.3 billion due Oct. 15, 2029, USD 2.2 billion due Oct. 15, 2031.
- Initial purchasers may buy up to an extra USD 200 million of 2029 notes, USD 300 million of 2031 notes.
- Proceeds to fund capped call transactions, repurchase part of its 0.00% convertible senior notes due 2027, general corporate purposes.
- Notes are unsecured, pay no regular interest; settlement on conversion may be cash, shares, or a mix.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Snowflake Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260927178907) on September 28, 2026, and is solely responsible for the information contained therein.
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