Snowflake prices upsize notes offering
The company priced $3.75 billion of zero-coupon convertible senior notes maturing in 2029 and 2031 for corporate purposes.
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Cloud data platform for analytics, AI, applications, and transactions
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In short: Snowflake expanded partnerships with Oracle, Microsoft, LSEG and UiPath, raised $3.75B in notes, and announced $300M Saudi investment.
The company priced $3.75 billion of zero-coupon convertible senior notes maturing in 2029 and 2031 for corporate purposes.
The company plans to use proceeds for capped call transactions, repurchasing existing notes, and general corporate purposes.
The company achieved $1.55 billion in quarterly revenue, up 35% year-over-year, while driving AI adoption through over 330 new product capabilities and expanding its enterprise customer base.
The company hosts a live conference call accessible via phone and webcast, with an audio replay available for thirty days afterward.
Snowflake Inc. (NYSE: SNOW) ("Snowflake"), the AI Data Cloud Company, today announced that it intends to offer, subject to market conditions and other factors, $1.3...
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