{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-179072","form_type":"8-K","ticker":"SNAP","cik":"0001564408","company_name":"Snap Inc","filed_at":"2025-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.364492+00:00","generated_at":"2026-05-17T14:29:50.154621+00:00","sec_items":["1.01","8.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Snap issues $550M 6.875% notes due 2034; repurchases ~$589.5M convertible notes","bullets":["Issued $550M principal of 6.875% Senior Notes due 2034, net proceeds ~$541.3M.","Repurchased $157.4M of 0.75% 2026 notes, $246.3M of 0% 2027 notes, and $185.8M of 0.125% 2028 notes for ~$550.1M cash.","Transactions settled Aug 12, 2025; proceeds from new notes plus cash used for repurchases.","Notes are senior unsecured, redeemable before Sept 15, 2028 with make-whole premium."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-179072","json":"https://secwatch.observer/filing/0001193125-25-179072.json","markdown":"https://secwatch.observer/filing/0001193125-25-179072.md","text":"https://secwatch.observer/filing/0001193125-25-179072.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564408/000119312525179072/0001193125-25-179072-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564408/000119312525179072/d427483d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T14:29:50.154621+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":"140653523a5c4f4fb1c033ea72ab4de06f27d8e0","claim":"Snap Inc incurred senior notes of $550.0 million at 6.875% maturing March 15, 2034.","evidence_excerpt":"On August 7, 2025, we entered into a purchase agreement (the “Purchase Agreement”) with Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several purchasers named therein (collectively, the “Initial Purchasers”), relating to the sale by us of an aggregate of $550.0 million principal amount of our 6.875% Senior Notes due 2034 (the “Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564408/000119312525179072/0001193125-25-179072-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$550.0 million"},{"label":"Rate","value":"6.875%"},{"label":"Maturity","value":"March 15, 2034"},{"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"}