{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-028741","form_type":"8-K","ticker":"SNAP","cik":"0001564408","company_name":"Snap Inc","filed_at":"2025-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.003829+00:00","generated_at":"2026-05-26T16:09:48.798762+00:00","sec_items":["1.01","8.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Snap issues $1.5B 6.875% senior notes due 2033, repurchases ~$1.445B convertible notes","bullets":["$1.5B aggregate principal of 6.875% Senior Notes due 2033; net proceeds ~$1.473B after discounts and expenses.","Repurchased $45.3M of 0.75% 2026 notes, $797.4M of 0.00% 2027 notes, and $800.0M of 0.125% 2028 notes.","Aggregate repurchase price was ~$1.445B, funded substantially by the new note offering.","Revolver amended: $800M extended to Feb 2030, $250M stays at May 2027; new minimum liquidity covenant of $800M.","Interest on new notes at 6.875% payable semi-annually; first payment Sept 1, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-028741","json":"https://secwatch.observer/filing/0001193125-25-028741.json","markdown":"https://secwatch.observer/filing/0001193125-25-028741.md","text":"https://secwatch.observer/filing/0001193125-25-028741.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564408/000119312525028741/0001193125-25-028741-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564408/000119312525028741/d924741d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T16:09:48.798762+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":"656f146106706952e5a27bfb033be5369c5fd6f6","claim":"Snap Inc amended revolving credit with JPMorgan Chase Bank, N.A., as administrative agent maturing February 12, 2030.","evidence_excerpt":"extends the term of $800.0 million of the Revolving Credit Facility to February 12, 2030, with the remaining $250.0 million of the Revolving Credit Facility maturing on the existing maturity date of May 6, 2027.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564408/000119312525028741/0001193125-25-028741-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Maturity","value":"February 12, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"b619af6426700a1f24f97d64f528884939012d05","claim":"Snap Inc incurred senior notes of $1,500.0 million at 6.875% per year maturing March 1, 2033.","evidence_excerpt":"sale by us of an aggregate of $1,500.0 million principal amount of our 6.875% Senior Notes due 2033","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564408/000119312525028741/0001193125-25-028741-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$1,500.0 million"},{"label":"Rate","value":"6.875% per year"},{"label":"Maturity","value":"March 1, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}