By Sam Boughedda
Investing.com -- Twitter Inc (NYSE:TWTR) said Wednesday it is to offer $1 billion of senior notes due 2030 in a private placement.
The company said it intends to use the net proceeds from the offering for general corporate purposes, including capital expenditures, investments, repayment of debt, repurchases of Twitter's common stock, working capital, and potential acquisitions and strategic transactions.
"From time to time Twitter evaluates potential strategic transactions and acquisitions of businesses, technologies or products. Currently, however, Twitter does not have any agreements with respect to any such material strategic transactions or acquisitions," Twitter said in its press release.
After opening up Wednesday's session lower, Twitter shares are now up 0.3%. In 2022, the stock has declined by 24.5%.