https://www.cnbc.com/2018/06/06/shares-of-twitter-fall-from-3-year-high-after-announcing-convertible-note-offering.html

Shares of Twitter fell more than 2 percent in the premarket Wednesday after the company announced the sale of $1 billion worth of convertible notes.

The notes, which will be offered to "qualified institutional buyers," mature in 2024 and will be convertible into cash, stock, or a combination of the two at Twitter's discretion, the company said in a press release.