Snap Inc. plans $700 million note issuance, receives 'B+' rating from S&P Global
Snap Inc (NYSE:SNAP)., a U.S.-based technology, media, and communications company, has proposed to issue $700 million of senior unsecured notes due 2033. The company intends to use the proceeds from the issuance to prepay a portion of its existing convertible senior notes and for other general corporate purposes.