Twitter Seeks Up to $1.5 Billion in Debt Offering
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Twitter Inc. is tapping debt markets for the first time, with plans to raise as much as $1.5 billion to invest in acquisitions and expansion.
The San Francisco-based microblogging company is selling the convertible bonds in two $650 million pieces, one maturing in five years and one coming due in seven years, according to a regulatory filing yesterday. The offering size may rise to $1.5 billion if the banks involved exercise an overallotment option.