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- Snap (NYSE:SNAP) plans to offer $500 million in senior notes due 2034 through a private placement.
- The funds raised will mainly be used to buy back some or all of its existing convertible notes due between 2026 and 2030. Any leftover proceeds may go toward general corporate needs like operations, acquisitions, or further stock buybacks.
- SNAP +1.67% premarket to $7.91
- Source: Press Release
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