- Twitter Inc TWTR looks to raise $1 billion via selling $1 billion senior notes due 2030 in a private institutional placement.
- The notes will be senior obligations of Twitter and will accrue interest semi-annually in arrears.
- Twitter will utilize the offering proceeds for general corporate purposes.
- Twitter's board approved a new $4 billion share repurchase program during its Q4 results.
- Twitter held $4.3 billion in long-term debt as of December 31.
- Price Action: TWTR shares traded lower by 0.84% at $32.65 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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