Take-Two Interactive Software, Inc. (Take-Two), a leading developer, publisher, and marketer of interactive entertainment, has announced the offering of two series of Senior Notes. The first series, due 20__, and the second series, due 20__, will be unsecured obligations of the company. The notes will be offered through an underwriting agreement with J.P. Morgan and Wells Fargo Securities serving as the lead bookrunners. The offering is made under Take-Two's shelf registration statement filed with the SEC. The proceeds from the offering are intended for general corporate purposes, which may include the repayment of existing debt. The specific terms of the notes, including the interest rates, maturity dates, and principal amounts, will be determined at the time of...Show More

Take-Two Interactive Software, Inc. (Take-Two), a leading developer, publisher, and marketer of interactive entertainment, has announced the offering of two series of Senior Notes. The first series, due 20__, and the second series, due 20__, will be unsecured obligations of the company. The notes will be offered through an underwriting agreement with J.P. Morgan and Wells Fargo Securities serving as the lead bookrunners. The offering is made under Take-Two's shelf registration statement filed with the SEC. The proceeds from the offering are intended for general corporate purposes, which may include the repayment of existing debt. The specific terms of the notes, including the interest rates, maturity dates, and principal amounts, will be determined at the time of the sale and detailed in the prospectus supplement. The announcement follows Take-Two's recent agreement to acquire Zynga Inc., with the transaction expected to close in the first quarter of the fiscal year 2023. The sale of the Senior Notes is subject to market conditions and other factors, with the aim to strengthen Take-Two's financial position and support its strategic growth initiatives.