{"id":6695,"date":"2020-04-24T12:30:00","date_gmt":"2020-04-24T12:30:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2528822"},"modified":"2020-04-24T12:30:00","modified_gmt":"2020-04-24T12:30:00","slug":"snap-looks-to-load-up-on-cash-in-sizable-debt-offering","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/","title":{"rendered":"Snap looks to load up on cash in sizable debt offering"},"content":{"rendered":"

\"Snapchat<\/p>\n

Fresh off a successful earnings report, Snap <\/a> announced<\/a> today that it was looking to raise $750 million in a new debt offering.<\/p>\n

This upcoming offering will consist of $750 million in convertible senior notes that will mature May 1, 2025. It will be a private placement to qualified institutional buyers and Snap is looking to give buyers the option to secure $112.5 million worth of notes down the road, as well.<\/p>\n

Snap’s Q1 earnings impressed investors but the company is still losing plenty of cash and it’s clear that the full impact of the digital ad market’s downturn won’t be seen until the company’s Q2 earnings. On Tuesday, the company shared it had logged $462.5 million in revenue for the quarter and a $306 million net loss.<\/p>\n

 <\/div>\n

The COVID-19 crisis has pushed private and public companies to take a long, hard look at their balance sheets. For well-positioned companies, raising debt is an attractive option for combating looming market uncertainty.<\/p>\n

This isn’t the first time Snap has looked to a debt offering either. In August<\/a>, the company announced they were pursuing a $1.1 billion debt offering.<\/p>\n

https:\/\/techcrunch.com\/2020\/04\/21\/snap-surges-on-earnings-revenue-beat-and-q1-user-gains\/<\/a><\/p>\n

 <\/p>\n

\n

See Campaign: <\/strong>https:\/\/crunchbase.com\/organization\/sn-ap<\/a>
Contact Information:<\/b>
Lucas Matney<\/p>\n

Tags:<\/b>
<\/a>, Wire<\/a>, United States<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

Lucas Matney<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Fresh off a successful earnings report, Snap  announced today that it was looking to raise $750 million in a new debt offering. This upcoming offering will consist of $750 million in convertible senior notes that will mature May 1, 2025. It will be a private placement to qualified institutional buyers and Snap is looking to give buyers the … Continue reading Snap looks to load up on cash in sizable debt offering<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54],"tags":[],"class_list":["post-6695","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire"],"yoast_head":"\nSnap looks to load up on cash in sizable debt offering - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Snap looks to load up on cash in sizable debt offering - Business\" \/>\n<meta property=\"og:description\" content=\"Fresh off a successful earnings report, Snap  announced today that it was looking to raise $750 million in a new debt offering. This upcoming offering will consist of $750 million in convertible senior notes that will mature May 1, 2025. It will be a private placement to qualified institutional buyers and Snap is looking to give buyers the … Continue reading Snap looks to load up on cash in sizable debt offering Continue Reading →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-24T12:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2018\/02\/gettyimages-647151658.jpg?w=730&crop=1\" \/>\n<meta name=\"author\" content=\"Bilal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bilal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/\",\"url\":\"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/\",\"name\":\"Snap looks to load up on cash in sizable debt offering - Business\",\"isPartOf\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/techcrunch.com\/wp-content\/uploads\/2018\/02\/gettyimages-647151658.jpg?w=730&crop=1\",\"datePublished\":\"2020-04-24T12:30:00+00:00\",\"author\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/70b05bacee6cf8a877350412fae25e20\"},\"breadcrumb\":{\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/#primaryimage\",\"url\":\"https:\/\/techcrunch.com\/wp-content\/uploads\/2018\/02\/gettyimages-647151658.jpg?w=730&crop=1\",\"contentUrl\":\"https:\/\/techcrunch.com\/wp-content\/uploads\/2018\/02\/gettyimages-647151658.jpg?w=730&crop=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ipsnews.net\/business\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Snap looks to load up on cash in sizable debt offering\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ipsnews.net\/business\/#website\",\"url\":\"https:\/\/ipsnews.net\/business\/\",\"name\":\"Business\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ipsnews.net\/business\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/70b05bacee6cf8a877350412fae25e20\",\"name\":\"Bilal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/01d05f3f41cc0f9ca88d2011a983bb3f2e83e3e92e3532188bf201df38d2aea8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/01d05f3f41cc0f9ca88d2011a983bb3f2e83e3e92e3532188bf201df38d2aea8?s=96&d=mm&r=g\",\"caption\":\"Bilal\"},\"sameAs\":[\"https:\/\/icrowdnewswire.com\/fc\"],\"url\":\"https:\/\/ipsnews.net\/business\/author\/bilal\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Snap looks to load up on cash in sizable debt offering - Business","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/","og_locale":"en_US","og_type":"article","og_title":"Snap looks to load up on cash in sizable debt offering - Business","og_description":"Fresh off a successful earnings report, Snap  announced today that it was looking to raise $750 million in a new debt offering. This upcoming offering will consist of $750 million in convertible senior notes that will mature May 1, 2025. It will be a private placement to qualified institutional buyers and Snap is looking to give buyers the … Continue reading Snap looks to load up on cash in sizable debt offering Continue Reading →","og_url":"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/","og_site_name":"Business","article_published_time":"2020-04-24T12:30:00+00:00","og_image":[{"url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2018\/02\/gettyimages-647151658.jpg?w=730&crop=1","type":"","width":"","height":""}],"author":"Bilal","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bilal","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/","url":"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/","name":"Snap looks to load up on cash in sizable debt offering - Business","isPartOf":{"@id":"https:\/\/ipsnews.net\/business\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/#primaryimage"},"image":{"@id":"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/#primaryimage"},"thumbnailUrl":"https:\/\/techcrunch.com\/wp-content\/uploads\/2018\/02\/gettyimages-647151658.jpg?w=730&crop=1","datePublished":"2020-04-24T12:30:00+00:00","author":{"@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/70b05bacee6cf8a877350412fae25e20"},"breadcrumb":{"@id":"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/#primaryimage","url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2018\/02\/gettyimages-647151658.jpg?w=730&crop=1","contentUrl":"https:\/\/techcrunch.com\/wp-content\/uploads\/2018\/02\/gettyimages-647151658.jpg?w=730&crop=1"},{"@type":"BreadcrumbList","@id":"https:\/\/ipsnews.net\/business\/2020\/04\/24\/snap-looks-to-load-up-on-cash-in-sizable-debt-offering\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ipsnews.net\/business\/"},{"@type":"ListItem","position":2,"name":"Snap looks to load up on cash in sizable debt offering"}]},{"@type":"WebSite","@id":"https:\/\/ipsnews.net\/business\/#website","url":"https:\/\/ipsnews.net\/business\/","name":"Business","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ipsnews.net\/business\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/70b05bacee6cf8a877350412fae25e20","name":"Bilal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/01d05f3f41cc0f9ca88d2011a983bb3f2e83e3e92e3532188bf201df38d2aea8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/01d05f3f41cc0f9ca88d2011a983bb3f2e83e3e92e3532188bf201df38d2aea8?s=96&d=mm&r=g","caption":"Bilal"},"sameAs":["https:\/\/icrowdnewswire.com\/fc"],"url":"https:\/\/ipsnews.net\/business\/author\/bilal\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/6695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/comments?post=6695"}],"version-history":[{"count":1,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/6695\/revisions"}],"predecessor-version":[{"id":6696,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/6695\/revisions\/6696"}],"wp:attachment":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/media?parent=6695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/categories?post=6695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/tags?post=6695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}