Snowflake announces proposed $3.5 billion private placement of 0.00% convertible senior notes
SNOW•Snowflake proposed a private placement of $3.5 billion in 0.00% convertible senior notes, with proceeds intended to fund capped calls, repurchase 2027 notes and support general corporate purposes.
1. Proposed note offering
Snowflake said initial purchasers may buy up to an additional $200 million of 2029 notes and $300 million of 2031 notes. The company expects to repurchase for cash a portion of its 2027 notes.
