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Twilio plans $1 billion bond deal in its latest capital raise

Twilio Inc. said Wednesday it is planning to issue $1 billion of unsecured, senior notes in the cloud communications platform’s latest capital raise. The San Francisco-based company raised $1.54 billion in an equity offering in February. Proceeds of the bond deal will be used for general corporate purposes, including potential acquisitions, strategic investments, refinancing or repayment of debt, capex, working capital and share buybacks. JP Morgan, Morgan Stanley and BofA Securities are lead underwriters on the deal. Twilio shares were up 0.8% premarket and have gained 275% in the last 12 months, while the S&P 500 has gained 29%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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