NYSE:SNAPInteractive Media and Services
Will Snap’s (SNAP) Debt-Funded Buyback Shift Its Capital Allocation Story?
Snap Inc. recently completed the pricing of a US$550 million senior unsecured notes offering due 2034 in a private transaction, with proceeds earmarked for the repurchase of existing convertible notes maturing in 2026, 2027, and 2028.
This financing move may indirectly influence Snap’s stock trading as holders of the repurchased convertible notes could buy Snap shares or adjust hedges, potentially increasing demand for the company’s Class A common stock.
We’ll explore how the convertible...