SAN FRANCISCO, Feb. 23, 2022 /PRNewswire/ -- Twitter, Inc.
(NYSE: TWTR) today announced its intention to offer, subject to
market conditions and other factors, $1
billion aggregate principal amount of senior notes due 2030
(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 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, 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.
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.
Contacts
Investors:
ir@twitter.com
Press:
press@twitter.com
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SOURCE Twitter, Inc.