Press release
Take-Two Interactive Software, Inc. Announces Commencement of Tender Offer for 3.300% Senior Notes Due 2024
NEW YORK--(BUSINESS WIRE)-- Take-Two Interactive Software, Inc. (NASDAQ: TTWO) (the “Company”) announced today that it commenced a cash tender offer (the
About this update from Take-two Interactive Software, Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nTake-Two Interactive Software, Inc. (NASDAQ: TTWO) (the “Company”) announced today that it commenced a cash tender offer (the “Tender Offer”) to purchase up to $500 million aggregate principal amount (the “Tender Cap”) of its outstanding 3.300% Senior Notes due 2024 (the “Notes”).\n\n\nThe terms and conditions of the Tender Offer are described in the Offer to Purchase, dated May 18, 2023 (as it may be amended or supplemented from time to time, the “Offer to Purchase”). The following table sets forth some of the terms of the Tender Offer:\n\n\n\n\n\n\n\n\n\n\n \n\n\n\nTitle of\n\n\n\n\nSecurity\n\n\n\n\n\n\nCUSIP / ISIN\n\n\n\n\nNumber\n\n\n\n\n\n\nPrincipal\n\n\n\n\nAmount\n\n\n\n\nOutstanding\n\n\n\n\n\n\nTender Cap\n\n\n\n\n(Principal\n\n\n\n\nAmount)\n\n\n\n\n\n\nReference U.S.\n\n\n\n\nTreasury\n\n\n\n\nSecurity\n\n\n\n\n\n\nBloomberg\n\n\n\n\nReference\n\n\n\n\nPage(1)\n\n\n\n\n\n\nFixed\n\n\n\n\nSpread\n\n\n\n\n(basis\n\n\n\n\npoints)\n\n\n\n\n\n\nEarly\n\n\n\n\nTender\n\n\n\n\nPremium\n\n\n\n\n(per\n\n\n\n\n$1,000)\n\n\n\n\n\n\n\n\n3.300% Senior Notes due 2024\n\n\n\n\n\n\n874054AE9 / US874054AE98\n\n\n\n\n\n\n$1,000,000,000\n\n\n\n\n\n\n$500,000,000\n\n\n\n\n\n\n2.25% UST due March 31, 2024\n\n\n\n\n\n\nFIT3\n\n\n\n\n\n\n0 bps\n\n\n\n\n\n\n$50\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n(1) The applicable page on Bloomberg from which the Lead Dealer Manager named below will quote the bid side prices of the Reference U.S. Treasury Security. In the above table, “UST” denotes a U.S. Treasury Security.\n\n\nTimetable for the Tender Offer:\n\n\n\nCommencement of the Tender Offer May 18, 2023.\n\n\n\nEarly Tender Deadline 5:00 p.m., New York City time, on June 1, 2023, unless the Tender Offer is extended or earlier terminated.\n\n\n\nWithdrawal Deadline 5:00 p.m., New York City time, on June 1, 2023, unless the Tender Offer is extended or earlier terminated.\n\n\n\nReference Yield Determination Date 10:00 a.m., New York City time, on June 2, 2023, unless the Tender Offer is extended or earlier terminated.\n\n\n\nExpected Early Settlement Date June 5, 2023.\n\n\n\nExpiration Date 5:00 p.m., New York City time, on June 16, 2023, unless the Tender Offer is extended or earlier terminated.\n\n\n\nExpected Final Settlement Date June 21, 2023 (the second business day following the Expiration Date).\n\n\n\nDetail...