Snap Inc. has announced a $1.5 billion senior notes offering and amendments to its revolving credit facility as part of its latest financial maneuvers. The company has issued 6.875% Senior Notes due 2033, with proceeds earmarked for debt repurchases and general corporate purposes. The notes will bear interest semi-annually and include provisions for early redemption under specific conditions.

Additionally, Snap has amended its revolving credit facility, extending $800 million of its total $1.05 billion capacity to 2030 while maintaining a liquidity requirement of at least $800 million. The company confirmed no outstanding balances on this facility as of the amendment date.

In a related move, Snap repurchased approximately $1.45 billion of its outstanding convertible senior notes due in 2026, 2027, and 2028. The transactions settled in mid-February.

These financial adjustments come as Snap aims to strengthen its balance sheet and enhance financial flexibility. The company emphasized that forward-looking statements regarding these transactions involve market risks and conditions that could impact final outcomes.