Twitter Prices Offering of Senior Notes
SAN FRANCISCO, Feb. 23, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE: TWTR) today announced the pricing of
The Notes will mature on March 1, 2030, unless earlier repurchased or redeemed. Holders of the Notes may require Twitter to repurchase the Notes upon the occurrence of certain change of control events at a purchase price equal to
Prior to December 1, 2029, Twitter may redeem the Notes, in whole or in part, at a price equal to
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 does not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. The Notes have not been registered under the Securities Act or any state securities laws 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.