Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities
PYMNTS
AUGUST 7, 2019
Snap , the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. Its stock is up 181 percent year to date. . Its stock is up 181 percent year to date. . The debt offering will take the form of convertible senior notes set to mature on Aug.
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