Neutral
Snowflake (SNOW) upsizes convertible note offering to $3.75 billion.
Snowflake Inc. has increased its private placement of 0.00% convertible senior notes to $3.75 billion, up from the previously announced $3.5 billion. The offering includes $2.0 billion due in 2029 and $1.75 billion due in 2031, with the sale expected to close on October 1, 2026.
Key points
- Snowflake upsizes convertible note offering to $3.75 billion.
- Sale expected to close on October 1, 2026.
- Proceeds to be used for capped calls and repurchasing 2027 notes.
Sources
AI-generated from public news sources. Not financial advice.
