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

Stock Markets Feb 23, 2022 12:20PM ET
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By Sam Boughedda

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

The company said it intends to use the net proceeds from the offering for general corporate purposes, including capital expenditures, investments, repayment of debt, repurchases of Twitter's common stock, working capital, and potential acquisitions and strategic transactions. 

"From time to time Twitter evaluates potential strategic transactions and acquisitions of businesses, technologies or products. Currently, however, Twitter does not have any agreements with respect to any such material strategic transactions or acquisitions," Twitter said in its press release.

After opening up Wednesday's session lower, Twitter shares are now up 0.3%. In 2022, the stock has declined by 24.5%.

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

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Count da Money
CountdaMoney Feb 23, 2022 12:35PM ET
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