Square Raises $2B Via Senior Notes In Private Institutional Offering

May 19, 2021 7:02 AM | 1 min read | Make a Comment

Square Inc SQ has priced $1 billion 2.75% senior notes due 2026 and $1 billion 3.50% senior notes due 2031 in a private institutional placement.
Square will use the offering proceeds for general corporate purposes, acquisitions, strategic transactions, capital expenditures, investments, and working capital.
The company has $2.98 billion in long-term debt and held $3 billion in cash and equivalents as of March 31, 2021.
Square's stock has gained 165% in the last year.
Price action: SQ shares traded lower by 2.15% at $198.79 in the premarket session on the last check Wednesday.

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