---
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"
generated_at: "2026-05-26T16:09:48.798762+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Snap issues $1.5B 6.875% senior notes due 2033, repurchases ~$1.445B convertible notes

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-028741
- JSON: https://secwatch.observer/filing/0001193125-25-028741.json
- Plain text: https://secwatch.observer/filing/0001193125-25-028741.txt

## Key facts
- Debt Financings
  Snap Inc amended revolving credit with JPMorgan Chase Bank, N.A., as administrative agent maturing February 12, 2030.
  - Instrument: revolving credit
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Maturity: February 12, 2030
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1564408/000119312525028741/0001193125-25-028741-index.htm
- Debt Financings
  Snap Inc incurred senior notes of $1,500.0 million at 6.875% per year maturing March 1, 2033.
  - Instrument: senior notes
  - Principal: $1,500.0 million
  - Rate: 6.875% per year
  - Maturity: March 1, 2033
  - Event: incurrence
  source text: sale by us of an aggregate of $1,500.0 million principal amount of our 6.875% Senior Notes due 2033
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564408/000119312525028741/0001193125-25-028741-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.