Twitter to raise $1.3bn through debt offerings

World|business|September 11, 2014 / 01:15 PM

AKIPRESS.COM - twitter Twitter shares fell about 1.5pc in extended trading on Wednesday.

The company plans two offerings worth 650 million each in convertible senior notes due to mature in 2019 and 2021, the microblogging website said in a filing.

Twitter will also grant initial purchasers an option to buy up to $100m in each of the offerings.

The San Francisco-based company said it would use part of the net proceeds for general corporate purposes.

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