Twitter to offer $1 billion convertible note as shares rally

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Go back to Twitter to offer $1 billion convertible note as shares rally

Twitter (TWTR) $1B Conv Offering Seen as 'Opportunistic' - Stifel

June 6, 2018 1:49 PM EDT

Stifel analyst John Egbert weighed in on Twitter (NYSE: TWTR after the company announced plans to offer $1.0B convertible senior notes due in 2024 via a private placement.

Egbert views the transaction as opportunistic given the company's addition to the S&P 500, effective prior to the market open tomorrow,... More