Twitter to Raise $1 Billion via Private Placement Debt Offering

By Benzinga
Benzinga
Benzinga
February 23, 2022 Updated: February 23, 2022

Twitter Inc. looks to raise $1 billion via selling $1 billion senior notes due 2030 in a private institutional placement.

The notes will be senior obligations of Twitter and will accrue interest semi-annually in arrears.

Twitter will utilize the offering proceeds for general corporate purposes.

Twitter’s board approved a new $4 billion share repurchase program during its Q4 results.

Twitter held $4.3 billion in long-term debt as of December 31.

By Anusuya Lahiri

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Benzinga