Twitter To Raise $1B Via Private Placement Debt Offering

• Twitter Inc (NYSE:TWTR) looks to raise $1 billion via selling $1 billion senior notes due 2030 in a private institutional placement.
• The notes will be senior obligations of Twitter and will accrue interest semi-annually in arrears.
• Twitter will utilize the offering proceeds for general corporate purposes.
• Twitter's board approved a new $4 billion share repurchase program during its Q4 results.
• Twitter held $4.3 billion in long-term debt as of December 31.
• Price Action: TWTR shares traded lower by 0.84% at $32.65 on the last check Wednesday.