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Take-Two Interactive Software | 424B5: Prospectus

SEC announcement ·  Jun 12 20:46
Summary by Futu AI
Take-Two Interactive Software, Inc. (Take-Two) has announced the issuance of $600 million in senior notes, divided equally into two tranches. The first tranche consists of $300 million 5.400% Senior Notes due 2029, and the second tranche consists of $300 million 5.600% Senior Notes due 2034. The interest on the notes will be paid semi-annually on June 12 and December 12, starting December 12, 2024. The notes are unsecured and rank equally with Take-Two's other existing and future unsubordinated obligations. The offering is led by J.P. Morgan and Wells Fargo Securities as lead bookrunners, with BNP PARIBAS, BofA Securities, and Goldman Sachs & Co. LLC as joint passive bookrunners. The proceeds from the issuance are intended for general corporate purposes, including the repayment of Take-Two's 3.550% Senior Notes due 2025 at or prior to maturity. The notes are not listed on any securities exchange or automated quotation system. The sale is expected to close on June 12, 2024, subject to customary closing conditions.
Take-Two Interactive Software, Inc. (Take-Two) has announced the issuance of $600 million in senior notes, divided equally into two tranches. The first tranche consists of $300 million 5.400% Senior Notes due 2029, and the second tranche consists of $300 million 5.600% Senior Notes due 2034. The interest on the notes will be paid semi-annually on June 12 and December 12, starting December 12, 2024. The notes are unsecured and rank equally with Take-Two's other existing and future unsubordinated obligations. The offering is led by J.P. Morgan and Wells Fargo Securities as lead bookrunners, with BNP PARIBAS, BofA Securities, and Goldman Sachs & Co. LLC as joint passive bookrunners. The proceeds from the issuance are intended for general corporate purposes, including the repayment of Take-Two's 3.550% Senior Notes due 2025 at or prior to maturity. The notes are not listed on any securities exchange or automated quotation system. The sale is expected to close on June 12, 2024, subject to customary closing conditions.
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