Twitter sells $1billion 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.

Proceeds will be used for general corporate purposes, which could also include capital expenditures, investments and working capital.

JPMorgan Chase & Co. is managing the sale of the offering.

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