Square Floating $2 Billion in Fresh Debt

Square (NYSE: SQ), the operator of those increasingly ubiquitous point-of-sale terminals in small retailers, is tapping the debt market for a big new round of financing. The company announced Monday that it is floating $2 billion in aggregate principal amount of senior notes.

Outside of revealing the total amount, and the fact that it will be issued in two phases, Square provided few details about the notes. It said that the interest rate, maturity date, terms of redemption, and other key features of the debt securities would be determined by negotiations between it and potential buyers.

Image source: Square.

Source Fool.com