Spotify prices USD 1.3 billion notes offering

News General United States 26 FEB 2021
Spotify prices USD 1.3 billion notes offering

Spotify has priced an offering of USD 1.3 billion worth of exchangeable senior notes due 2026. The sale is expected to settle on 2 March and raise USD 1.281 billion in net proceeds, or USD 1.479 billion if the greenshoe is exercised.

Spotify USA intends to put the money raised towards general corporate purchases.

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Spotify haalt USD 1,3 miljard op met senior notes

Spotify heeft een aanbod van USD 1,3 miljard aan inwisselbare senior notes geprijsd met vervaldatum in 2026. De verkoop zal naar verwachting op 2 maart worden afgerond en zal USD 1,281 miljard aan netto-opbrengsten opleveren, of USD 1,479 miljard als de greenshoe wordt uitgeoefend. Spotify USA is van plan het ingezamelde geld te gebruiken voor algemene middelen.

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