Square, Inc. Announces $2.0 Billion Offering of Senior Notes
17 Maggio 2021 - 3:10PM
Business Wire
Square, Inc. (“Square”) (NYSE: SQ) today announced its intention
to offer, subject to market conditions and other factors,
approximately $2.0 billion aggregate principal amount of senior
notes in two series (the “Notes”) in a private placement to persons
reasonably believed to be qualified institutional buyers pursuant
to Rule 144A under the Securities Act of 1933, as amended (the
“Act”) and outside the United States to non-U.S. persons pursuant
to Regulation S under the Act.
The interest rate, redemption provisions, maturity date and
other terms of each series of Notes will be determined by
negotiations between Square and the initial purchasers.
Square intends to use the net proceeds from this offering for
general corporate purposes, which may include potential
acquisitions and strategic transactions, capital expenditures,
investments and working capital.
This announcement is neither an offer to sell nor a solicitation
of an offer to buy the Notes, and shall not constitute an offer,
solicitation, or sale in any jurisdiction in which such offer,
solicitation, or sale is unlawful. The Notes have not been, and
will not be, registered under the Act or the securities laws of any
other jurisdiction, and unless so registered, may not be offered or
sold in the United States except pursuant to an applicable
exemption from the registration requirements of the Act and
applicable state laws.
About Square, Inc.
Square, Inc. (NYSE: SQ) builds tools to empower businesses and
individuals to participate in the economy. Sellers use Square to
reach buyers online and in person, manage their business, and
access financing. Individuals use Cash App to spend, send, store,
and invest money. And TIDAL is a global music and entertainment
platform that expands Square's purpose of economic empowerment to
artists. Square, Inc. has offices in the United States, Canada,
Japan, Australia, Ireland, Spain, Norway, and the UK.
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version on businesswire.com: https://www.businesswire.com/news/home/20210517005566/en/
Media Contact: press@squareup.com or Investor
Relations Contact: ir@squareup.com
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