The company, which owns the app Snapchat, says it plans to use the debt to fund stock repurchases and acquisitions.
The company, which is the maker of Snapchat, says it wants to use the proceeds to fund capital expenditures, operating expenses, stock repurchases, acquisitions and more.Asa Mathat | Vox MediaThe company, which is the maker of Snapchat, said it is offering $1 billion in convertible senior notes, due on Aug. 1, 2026.
Snap said it will use the proceeds to cover operating expenses associated with running the business. It said the proceeds could also be used to "acquire complementary businesses, products, services, or technologies or for repurchases of Snap's common stock."In a memo sent to employees last October, CEO Evan Spiegel detailed the company's
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