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Latham & Watkins Advises Snap Inc. in Upsized US$1.5 Billion Senior Notes Offering
February 14, 2025
Multidisciplinary team represented the technology company in the transaction.
Snap Inc. (NYSE: SNAP) announced the pricing of US$1.5 billion aggregate principal amount of 6.875% senior notes due 2033, or the notes, in a private offering that is exempt from the registration requirements of the Securities Act of 1933. The sale of the notes closed on February 14, 2025.
Latham & Watkins LLP represented Snap in the transaction with a corporate team led by Bay Area partners Seth Gottlieb and Alex Kassai, with associates Zuza Gruca, Jie Lin Nai, and Bridget Carmody. Advice was also provided on tax matters by New York partner Elena Romanova, with associate Shiyi Parsons.