Take-Two issues $1.0B senior notes: $500M at 5.000% due 2026, $500M at 4.950% due 2028

TAKE TWO INTERACTIVE SOFTWARE INC

Completed offering of $1.0B aggregate principal amount of senior notes on April 14, 2023.
$500M of 5.000% Senior Notes due March 28, 2026 and $500M of 4.950% Senior Notes due March 28, 2028.
Interest payable semi-annually on March 28 and September 28, beginning September 28, 2023.
Notes are senior unsecured obligations ranking equally with existing and future unsubordinated debt.
Upon a change of control repurchase event, holders may require repurchase at 101% of principal plus accrued interest.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TAKE TWO INTERACTIVE SOFTWARE INC entered into Indenture with The Bank of New York Mellon, as trustee valued at $1.0 billion aggregate principal amount (effective 2023-04-14).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon, as trustee
Value: $1.0 billion aggregate principal amount
Effective: 2023-04-14

Exact text from the filing

On April 14, 2023, Take-Two Interactive Software, Inc. (the “Company”) completed its offering and sale of $1.0 billion aggregate principal amount of its senior notes, consisting of $500 million principal amount of its 5.000% Senior Notes due 2026 (the “2026 Notes”) and $500 million principal amount of its 4.950% Senior Notes due 2028 (the “2028 Notes” and, together with the 2026 Notes, the “Notes”).

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Source: SEC EDGAR

accession 0001193125-23-102153

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