StocksMedium•28 September 2026•
1 min read
Snowflake to Offer $3.5 Billion in Convertible Senior Notes
Key Facts
1Snowflake intends to offer $3.5 billion aggregate principal amount of convertible senior notes in a private placement.
2The offering consists of $1.3 billion due in 2029 and $2.2 billion due in 2031, both with a 0.00% interest rate.
Snowflake intends to offer $3.5 billion aggregate principal amount of convertible senior notes in a private placement. Business Wire reported that the offering consists of $1.3 billion due in 2029 and $2.2 billion due in 2031, both carrying a 0.00% interest rate.
SNOW closed at $335.94 on September 25, 2026, prior to the announcement of the new financing plan aimed at raising capital through debt convertible into equity. The stock reached a high of $347.22 and a low of $332.79 during that trading session.