SNAP Debt offering

Snap Announces Proposed Private Offering of $500 Million of Senior Notes Due 2034

Published August 07, 2025 at 11:40 AM

SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) announced today that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of senior notes due 2034, or the notes, in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended, or the Securities Act. The notes will be general and unsecured senior obligations of Snap and will be fully and unconditionally guaranteed in the future

Related Questions

Are there any covenants or redemption features attached to the notes that could affect future financing flexibility? How does this debt offering compare to similar financing activities by competitors in the social media and technology sector? What is the anticipated demand for the notes from institutional investors and how does it compare to previous debt issuances? Could the notes be used to refinance existing higher‑cost debt, and what would be the net cost savings? How might the long‑dated 2034 maturity impact Snap’s capital structure and refinancing risk in the future? How might this private offering influence Snap’s stock price and implied volatility in the short term? How will the $500 million proceeds be used—e.g., for general corporate purposes, acquisitions, or share repurchases? What are the potential tax implications of issuing senior notes for Snap’s balance sheet and shareholders? What impact will the additional debt have on Snap’s leverage ratios and credit rating? What is the expected interest rate (coupon) and yield on the senior notes compared to current market rates? Will the issuance affect Snap’s cash flow forecasts and earnings per share guidance for the coming years?