Neutral
Snowflake Inc. (SNOW) prices $3.75 billion convertible notes offering
Snowflake Inc. has announced the pricing of a $3.75 billion convertible notes offering, comprising $2.0 billion due in 2029 and $1.75 billion due in 2031. The company plans to use the net proceeds for capped-call transactions, repurchasing a portion of its 2027 notes, and general corporate purposes, including stock repurchases and strategic investments. The offering is expected to close on October 1, 2026.
Key points
- Snowflake prices $3.75 billion convertible notes offering
- Offering includes $2.0 billion due in 2029 and $1.75 billion due in 2031
- Proceeds to fund capped-call transactions, repurchase 2027 notes, and support general corporate purposes
- Offering expected to close on October 1, 2026
Sources
- Snowflake Prices Upsized Private Placement of $3.75 Billion of 0.00% Convertible Senior NotesStockTitan · September 29, 2026
- Snowflake Prices $3.75 Billion Convertible Notes OfferingInvesting.com · September 29, 2026
- Snowflake edges up after increasing convertible bond sale to $3.75 billionSwag.esaa.org.eg · September 29, 2026
- Snowflake Stock Slips After a $3.75 Billion Convertible Deal. Here’s What Investors Should KnowTIKR.com · September 29, 2026
AI-generated from public news sources. Not financial advice.
