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Stock impact report

Snowflake Prices Private Placement of $2.0 Billion of Convertible Senior Notes

Snowflake Inc. Class A (SNOW) 
Last snowflake inc. class a earnings: 5/4 06:30 am Check Earnings Report
Company Research Source: Business Wire
No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)--Snowflake Inc. (NYSE: SNOW) (“Snowflake”), the AI Data Cloud Company, today announced the pricing of $1.0 billion aggregate principal amount of its 0% Convertible Senior Notes due 2027 (the “2027 notes”) and $1.0 billion aggregate principal amount of its 0% Convertible Senior Notes due 2029 (the “2029 notes,” and together with the 2027 notes, the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).Snowflake also granted the initial purchasers of the notes options to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $150.0 million aggregate principal amount of the 2027 notes and up to an additional $150.0 million aggregate principal amount of the 2029 notes. The sale of the notes is expected to close on S Show less Read more
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