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Why Twitter Is Borrowing $1.0 Billion

Why Twitter Is Borrowing $1.0 Billion

Twitter (TWTR) recently turned to institutional investors to borrow $1.0 billion through a sale of convertible notes. The company said it was expecting $989 million in net proceeds from the notes offering after absorbing expenses tied to it. Twitter said it was planning to spend $70.6 million of the net proceeds to pay costs tied to some past warrant transactions.