Sidley Advises on Snap’s Upsized US$550 Million Senior Notes Offering

Sidley is representing the initial purchasers in Snap Inc.’s offering of an upsized US$550 million aggregate principal amount of 6.875% senior notes due 2034, or “the notes”, in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The sale of the notes is expected to close on August 12, 2025, subject to customary closing conditions.

Sidley is representing the initial purchasers in the offering, with a deal team being led by Natalie Karam, Johnny Skumpija, and Kayla West (Capital Markets); and including Samantha Carvalho and Antonio Gutierrez (M&A); Rachel Kleinberg and Jonathan Westreich (Tax).