---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-134419"
form_type: "8-K"
ticker: "TTWO"
cik: "0000946581"
company_name: "TAKE TWO INTERACTIVE SOFTWARE INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T02:22:28.175793+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Take-Two Interactive prepays $350M term loan using proceeds from $1.0B senior notes offering

## Summary
- Prepaid all outstanding term benchmark borrowings totaling $350 million under the 364-day term loan credit agreement.
- Payoff funded with proceeds from the company's recent $1.0 billion senior notes offering.
- Term loan was scheduled to mature on June 21, 2023; now discharged in full.
- Separate unsecured credit agreement dated May 23, 2022 remains in full force and effect.

## SEC filing metadata
- accession: 0001193125-23-134419
- form_type: 8-K
- ticker: TTWO
- cik: 0000946581
- company_name: TAKE TWO INTERACTIVE SOFTWARE INC
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946581/000119312523134419/0001193125-23-134419-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946581/000119312523134419/d14874d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-134419
- JSON: https://secwatch.observer/filing/0001193125-23-134419.json
- Plain text: https://secwatch.observer/filing/0001193125-23-134419.txt

## Key facts
- Material Agreements
  TAKE TWO INTERACTIVE SOFTWARE INC terminated Term Loan Credit Agreement with JPMorgan Chase Bank, N.A. valued at $350,000,000 (effective 2023-04-27).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: $350,000,000
  - Effective: 2023-04-27
  source text: On Thursday, April 27, 2023, Take-Two Interactive Software, Inc. (the “ Company ”) prepaid all of its outstanding term benchmark borrowings, in the aggregate principal amount of $350,000,000.00, and other obligations (collectively, the “ Payoff ”), in each case, under that certain 364-day term loan credit agreement, dated as of June 22, 2022 (the “ Term Loan Credit Agreement ”), among the Company, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent thereunder.
  evidence_url: https://www.sec.gov/Archives/edgar/data/946581/000119312523134419/0001193125-23-134419-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.