Should Investors Fret Over Snap's New $1 Billion Debt Offering?

Should Investors Fret Over Snap's New $1 Billion Debt Offering?

Snap's (NYSE: SNAP) stock price recently dipped after the company announced a new $1 billion debt offering. The notes can then be converted to cash, Class A shares of Snap, or a combination of cash and stock. The interest rate, conversion rates, and other specific terms will be set when Snap prices the offering.