Take-Two Interactive Software, Inc. Announces Pricing of $600 Million Senior Notes Offering
10 Junio 2024 - 4:45PM
Business Wire
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) (the
“Company”) announced today that it has agreed to sell in an
underwritten public offering $600 million aggregate principal
amount of its Senior Notes, consisting of $300 million of its
5.400% Senior Notes due 2029 and $300 million of its 5.600% Senior
Notes due 2034.
The Company intends to use the net proceeds from the offering
for general corporate purposes, including the repayment of the $600
million principal amount of its 3.550% Senior Notes due 2025 at or
prior to maturity.
The closing of the offering is expected to occur on June 12,
2024, subject to satisfaction of customary closing conditions.
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are
acting as joint book-running managers for the offering. The
offering is being made only by means of a prospectus supplement and
the accompanying prospectus, which is filed as part of an effective
shelf registration statement filed by the Company with the
Securities and Exchange Commission (“SEC”) on April 6, 2022. You
may obtain copies of these documents without charge from the SEC’s
website at www.sec.gov. Alternatively, you may request these
documents by contacting J.P. Morgan Securities LLC at 383 Madison
Avenue, New York, NY 10179, Attention: Investment Grade Syndicate
Desk – 3rd Floor. Telephone: (212) 834-4533 or Wells Fargo
Securities, LLC, Attention: WFS Customer Service, 608 2nd Avenue
South, Suite 1000, Minneapolis, Minnesota 55402, by email at
wfscustomerservice@wellsfargo.com or by calling 1-800-645-3751.
This announcement does not constitute an offer to sell or the
solicitation of an offer to buy the Senior Notes or any other
securities, nor will there be any sale of Senior Notes or any other
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Take-Two Interactive Software
Headquartered in New York City, Take-Two is a leading developer,
publisher, and marketer of interactive entertainment for consumers
around the globe. The Company develops, operates, and publishes
products principally through Rockstar Games, 2K, Private Division,
and Zynga. Our products are currently designed for console gaming
systems, PC, and mobile, including smartphones and tablets, and are
delivered through physical retail, digital download, online
platforms, and cloud streaming services. The Company’s common stock
is publicly traded on NASDAQ under the symbol TTWO.
All trademarks and copyrights contained herein are the property
of their respective holders.
Cautionary Note Regarding Forward-Looking Statements
Statements contained herein that are not historical facts are
considered forward-looking statements under federal securities laws
and may be identified by words such as “anticipates,” “believes,”
“estimates,” “expects,” “intends,” “plans,” “potential,”
“predicts,” “projects,” “seeks,” “should,” “will,” or words of
similar meaning and include, but are not limited to, statements
regarding the outlook for our future business and financial
performance. Such forward-looking statements are based on the
current beliefs of our management as well as assumptions made by
and information currently available to them, which are subject to
inherent uncertainties, risks, and changes in circumstances that
are difficult to predict. Actual outcomes and results may vary
materially from these forward-looking statements based on a variety
of risks and uncertainties including risks relating to conducting
business internationally, including as a result of unforeseen
geopolitical events; the impact of changes in interest rates by the
Federal Reserve and other central banks, including on our
short-term investment portfolio; the impact of inflation;
volatility in foreign currency exchange rates; our dependence on
key management and product development personnel; our dependence on
our NBA 2K and Grand Theft Auto products and our ability to develop
other hit titles; our ability to leverage opportunities on
PlayStation®5 and Xbox Series X|S; factors affecting our mobile
business, such as player acquisition costs; the timely release and
significant market acceptance of our games; the ability to maintain
acceptable pricing levels on our games.
Other important factors and information are contained in the
Company’s most recent Annual Report on Form 10-K, including the
risks summarized in the section entitled “Risk Factors,” and the
Company’s other periodic filings with the SEC, which can be
accessed at www.take2games.com. All forward-looking statements are
qualified by these cautionary statements and apply only as of the
date they are made. The Company undertakes no obligation to update
any forward-looking statement, whether as a result of new
information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240610722853/en/
(Investor Relations) Nicole Shevins Senior Vice President
Investor Relations & Corporate Communications Take-Two
Interactive Software, Inc. (646) 536-3005
nicole.shevins@take2games.com
(Corporate Press) Alan Lewis Vice President Corporate
Communications & Public Affairs Take-Two Interactive
Software, Inc. (646) 536-2983 Alan.Lewis@take2games.com
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