Twitter is selling $1Billion of junk bonds to fund share buyback

Twitter Inc. is tapping the high-yield bond market to raise $1 billion in part to help repurchase stock, pay down existing debt and pursue potential acquisitions.

The eight-year unsecured notes may be sold as soon as Wednesday, according to a person with knowledge of the matter. Proceeds will be used for general corporate purposes, which could also include capital expenditures, investments and working capital, according to a Wednesday statement

https://www.bloomberg.com/news/articles/2022-02-23/twitter-selling-1-billion-of-junk-bonds-to-fund-share-buyback?utm_source=google&utm_medium=bd&cmpId=google

Buy back shares with debt! WOW!! Thank you JPOW for this unsustainable debt bubble!

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