---
schema_version: "secwatch.filing_event.v1"
accession: "0001640147-24-000234"
form_type: "8-K"
ticker: "SNOW"
cik: "0001640147"
company_name: "Snowflake Inc."
filed_at: "2024-09-27T23:59:59+00:00"
generated_at: "2026-05-31T01:10:40.870450+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Snowflake closes $2.3B convertible note offering; uses $400M for stock buyback

## Summary
- Issued $1.15B of 0% notes due 2027 and $1.15B due 2029, including full greenshoe.
- Net proceeds of ~$2.27B after discounts and expenses.
- Used $195.5M for capped call transactions to reduce dilution upon conversion.
- Repurchased ~$400M of stock from note purchasers at $112.50 per share.
- Initial conversion price ~$157.50/share; cap on capped calls at $225/share.

## SEC filing metadata
- accession: 0001640147-24-000234
- form_type: 8-K
- ticker: SNOW
- cik: 0001640147
- company_name: Snowflake Inc.
- filed_at: 2024-09-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640147/000164014724000234/0001640147-24-000234-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640147/000164014724000234/snow-20240923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640147-24-000234
- JSON: https://secwatch.observer/filing/0001640147-24-000234.json
- Plain text: https://secwatch.observer/filing/0001640147-24-000234.txt

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