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Twitter Announces Plans to Raise $1bn in Senior Note Offering -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.com — Twitter Inc (NYSE:) said Wednesday it is to offer $1 billion of senior notes due 2030 in a private placement.

According to the company, it plans to use net proceeds of the offering for corporate purposes including investments, repayments of debt and capital expenditures. 

Twitter may periodically review potential strategic transactions or acquisitions of business, technology or product businesses. Twitter did not release any agreement regarding material strategic or acquisitions.

Twitter shares have risen 0.3% after opening Wednesday’s session lower. Stock has fallen by 24.5% since 2022.

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