secwatch.observer — SEC 8-K summary
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Issuer:     Snap Inc (SNAP)
CIK:        0001564408
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001193125-24-030898
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Snap repurchases ~$451M of convertible notes in private transactions
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- Repurchased $100M principal of 0.25% Convertible Senior Notes due 2025 for ~$97.8M cash.
- Repurchased $351.2M principal of 0.75% Convertible Senior Notes due 2026 for ~$336.4M cash.
- Settlement expected on February 14, 2024.
- Repurchases were privately negotiated with certain holders, not open market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564408/000119312524030898/0001193125-24-030898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564408/000119312524030898/d756183d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-030898

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer