TAKE TWO INTERACTIVE SOFTWARE INC (TTWO): debt financing — Take-Two prices $350M add-on senior notes offering (5% due 2026, 4.95% due 2028)

TAKE TWO INTERACTIVE SOFTWARE INC

Issued $50M of 5.000% Senior Notes due 2026 and $300M of 4.950% Senior Notes due 2028.
New notes are additional issuances under same indenture; fungible with existing $500M each series.
Net proceeds to be used for general corporate purposes, including retiring 3.300% Senior Notes due 2024.
Offering closed on January 8, 2024; J.P. Morgan Securities acted as lead book-runner.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

TAKE TWO INTERACTIVE SOFTWARE INC incurred senior notes of $350 million aggregate principal amount of its senior notes, consisting of $50 million additional principal amount of it with The Bank of New York Mellon at 5.000% per annum for 2026 Notes; 4.950% per annum for 2028 Notes maturing March 28, 2026 for 2026 Notes; March 28, 2028 for 2028 Notes.

Instrument: senior notes
Principal: $350 million aggregate principal amount of its senior notes, consisting of $50 million additional principal amount of it
Counterparty: The Bank of New York Mellon
Rate: 5.000% per annum for 2026 Notes; 4.950% per annum for 2028 Notes
Maturity: March 28, 2026 for 2026 Notes; March 28, 2028 for 2028 Notes
Event: incurrence

Exact text from the filing

On January 8, 2024, Take-Two Interactive Software, Inc. (the “Company”) completed its add-on offering and sale of $350 million aggregate principal amount of its senior notes, consisting of $50 million additional principal amount of its 5.000% Senior Notes due 2026 (the “2026 Notes”) and $300 million additional principal amount of its 4.950% Senior Notes due 2028 (the “2028 Notes”).

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Source: SEC EDGAR

accession 0001193125-24-004474

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