Twitter $1.15 billion 0.25% convertible notes issue

Overview:

• Twitter has issued $1.15 billion in convertible notes.
• The issue consists of 0.25% convertible notes due 2024.
• Proceeds will be used for payment of convertible note hedge transactions.
• A 30-day purchase option for an additional amount of $150 million has also been granted to the initial purchasers.

Katrin Kostadinova - Data analyst