debt
confidence high
sentiment neutral
materiality 0.50
Take-Two prices $1.0B senior notes offering to repay term loan
TAKE TWO INTERACTIVE SOFTWARE INC
- Offers $500M of 5.000% Senior Notes due 2026 and $500M of 4.950% Senior Notes due 2028.
- Net proceeds to repay $350M term loan maturing June 21, 2023; remainder for general corporate purposes.
- Closing expected April 14, 2023, subject to customary conditions.
- Joint book-runners: J.P. Morgan, Wells Fargo, BNP Paribas, BofA Securities.