Snap Looks To Raise $750M In Debt Offering

Snap announced Thursday that it is planning to raise up to $750 million through a private debt offering. CEO Evan Spiegel says that the “proceeds from this offering will further bolster our balance sheet which will allow Snap the flexibility to continue to invest in the long-term growth of our business, even if challenging conditions continue.”

Clearwire Plans $1.1 Billion Debt Offering