SAN FRANCISCO, Dec. 2, 2019 /PRNewswire/ -- Twitter, Inc.
(NYSE: TWTR) today announced its intention to offer, subject to
market conditions and other factors, $600
million aggregate principal amount of senior unsecured notes
due in 2027 (the "notes") in a private placement to persons
reasonably believed to be qualified institutional buyers pursuant
to Rule 144A under the Securities Act of 1933, as amended (the
"Act").
The notes will be unsecured, senior obligations of Twitter, and
interest will be payable semi-annually in arrears. The interest
rate and other terms of the notes are to be determined through
negotiations between Twitter and the initial purchasers.
Twitter intends to use the net proceeds from this offering for
general corporate purposes, which may include capital expenditures,
investments, repayment of debt, 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.
This announcement is neither an offer to sell nor a solicitation
of an offer to buy any of these securities and shall not constitute
an offer, solicitation, or sale in any state or jurisdiction in
which such offer, solicitation, or sale would be unlawful. The
notes have not been and will not be registered under the Act or the
securities laws of any jurisdiction and may not be offered or sold
in the United States absent
registration or an applicable exemption from such registration
requirements.
Press:
Giovanna Falbo
press@twitter.com
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SOURCE Twitter, Inc.