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Take-Two Interactive Software | FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses

SEC announcement ·  Jan 4 00:00
Summary by Moomoo AI
Take-Two Interactive Software, Inc. has announced the pricing of its senior notes on January 4, 2024. The offering includes $50 million of 5.000% Senior Notes due 2026 and $300 million of 4.950% Senior Notes due 2028. These notes will be additional to the existing series of notes previously issued by the company, with the 2026 and 2028 notes being consolidated and forming a single series with the existing notes, respectively. The settlement date for the transaction is set for January 8, 2024. The notes have been rated Baa2 by Moody's and BBB by S&P. J.P. Morgan Securities LLC is the active lead bookrunner, with Wells Fargo Securities, LLC, BNP Paribas Securities Corp., and BofA Securities, Inc. serving as joint passive bookrunners. HSBC Securities (USA) Inc. is a co-manager...Show More
Take-Two Interactive Software, Inc. has announced the pricing of its senior notes on January 4, 2024. The offering includes $50 million of 5.000% Senior Notes due 2026 and $300 million of 4.950% Senior Notes due 2028. These notes will be additional to the existing series of notes previously issued by the company, with the 2026 and 2028 notes being consolidated and forming a single series with the existing notes, respectively. The settlement date for the transaction is set for January 8, 2024. The notes have been rated Baa2 by Moody's and BBB by S&P. J.P. Morgan Securities LLC is the active lead bookrunner, with Wells Fargo Securities, LLC, BNP Paribas Securities Corp., and BofA Securities, Inc. serving as joint passive bookrunners. HSBC Securities (USA) Inc. is a co-manager for the issuance. The 2026 notes have a yield to maturity of 5.041%, and the 2028 notes have a yield to maturity of 4.982%. Both sets of notes have specific redemption provisions, including a make-whole call and a par call for the 2028 notes. The issuer has made the necessary filings with the SEC, and the documents related to the offering are available on the SEC's website or upon request from the underwriters.
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