On February 23, 2022, Twitter announced the pricing of $1 billion aggregate principal amount of its 5.000 percent senior notes due 2030. The notes were offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act of 1933. The sale of the notes closed on February 25, 2022. Interest on the notes will be payable in cash semi-annually in arrears, beginning on September 1, 2022. Wilson Sonsini represented Twitter in the transaction.

Twitter intends to use the net proceeds from this offering for general corporate purposes, which may include capital expenditures, investments, repayment of debt, repurchases of Twitter's common stock, working capital, and potential acquisitions and strategic transactions.

The Wilson Sonsini team that represented Twitter in the transaction includes Katharine Martin, Erik Franks, Lisa Stimmell, Michael Rosati, Gordon Grafft, Courtney Matteson, and Ryan Isola.

For more information, please see Twitter’s press release.