{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-137315","form_type":"8-K","ticker":"SNAP","cik":"0001564408","company_name":"Snap Inc","filed_at":"2024-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.975942+00:00","generated_at":"2026-06-02T02:18:39.133903+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Snap issues $750M 0.50% convertible notes due 2030, repurchases $385M of existing notes","bullets":["Issued $650M in 0.50% Convertible Senior Notes due 2030; initial purchasers exercised $100M option for total $750M.","Notes maturing May 1, 2030, convertible at initial rate of 45.0846 shares/$1K principal (~$22.18/share).","Entered capped call transactions to reduce dilution, cap price $33.48/share (100% premium over $16.74 close).","Repurchased $147.9M of 0.25% 2025 notes and $237.5M of 0.75% 2026 notes for ~$418.9M cash.","Notes sold in private placement under Rule 144A; no registration under Securities Act."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-137315","json":"https://secwatch.observer/filing/0001193125-24-137315.json","markdown":"https://secwatch.observer/filing/0001193125-24-137315.md","text":"https://secwatch.observer/filing/0001193125-24-137315.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564408/000119312524137315/0001193125-24-137315-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564408/000119312524137315/d821313d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T02:18:39.133903+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6bd7f26ee2792991cd57fa9c1fb836c49bb21f1e","claim":"Snap Inc incurred convertible notes of $650.0 million with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several purchasers at 0.50% per year maturing May 1, 2030.","evidence_excerpt":"On May 8, 2024, we entered into a purchase agreement (the “Purchase Agreement”) with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several purchasers named therein (collectively, the “Initial Purchasers”), relating to the sale by us of an aggregate of $650.0 million principal amount of our 0.50% Convertible Senior Notes due 2030","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564408/000119312524137315/0001193125-24-137315-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$650.0 million"},{"label":"Counterparty","value":"Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the several purchasers"},{"label":"Rate","value":"0.50% per year"},{"label":"Maturity","value":"May 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e6df469e3bb1a179e0f432ed5f4cf383fff5264a","claim":"Snap Inc entered into Indenture with U.S. Bank Trust Company, National Association (effective 2024-05-13).","evidence_excerpt":"The Notes were issued pursuant to an Indenture, dated May 13, 2024 (the \"Indenture\"), between us and U.S. Bank Trust Company, National Association, as trustee (\"Trustee\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564408/000119312524137315/0001193125-24-137315-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Effective","value":"2024-05-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}