Snowflake plans private placement of $3.5 billion 0.00% convertible senior notes

Bitget2026/10/02 20:07

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Snowflake launched a private placement of USD 3.5 billion of 0.00% Convertible Senior Notes, split between 2029 and 2031 maturities.
Deal includes upsizes of up to USD 200 million of 2029 notes, up to USD 300 million of 2031 notes.
Notes are unsecured, carry no regular interest, mature Oct. 15, 2029 and Oct. 15, 2031 unless converted, redeemed, repurchased.
Proceeds earmarked for capped call hedges, cash repurchases of some 0.00% convertible senior notes due 2027, general corporate purposes.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001640147-26-000043), on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Snowflake plans private placement of $3.5 billion 0.00% convertible senior notes

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