Press release
Take-Two Interactive Software, Inc. Announces Pricing 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 the consideration payable in connection with
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 the consideration payable in connection with the previously announced cash tender offer (the “Tender Offer”) to purchase up to $650,000,000 (the “Tender Cap”) aggregate principal amount of its outstanding 3.300% Senior Notes due 2024 (the “Notes”), as described in the table below.\n\n\n\n\n\n\n\nTitle of Security\n\n\n\n\n\n\nCUSIP / ISIN Number\n\n\n\n\n\n\nPrincipal Amount Outstanding\n\n\n\n\n\n\nTender Cap\n(Principal Amount)\n\n\n\n\n\n\nProration Factor(1)\n\n\n\n\n\n\nReference U.S. Treasury Security\n\n\n\n\n\n\nReference Yield\n\n\n\n\n\n\nFixed Spread\n\n\n\n\n\n\nEarly Tender Premium\n(per $1,000)\n\n\n\n\n\n\nTotal Consideration (per $1,000)\n\n\n\n\n\n\n\n\n3.300% Senior Notes due 2024\n\n\n\n\n\n\n874054AE9 /\n\n\n\n\nUS874054AE98\n\n\n\n\n \n\n\n\n\n\n\n$1,000,000,000\n\n\n\n\n\n\n$650,000,000\n\n\n\n\n\n\n96.13%\n\n\n\n\n\n\n2.25% UST due March 31, 2024\n\n\n\n\n\n\n5.319%\n\n\n\n\n\n\n0 bps\n\n\n\n\n\n\n$50\n\n\n\n\n\n\n$984.07\n\n\n\n\n\n\n\n(1) Rounded to nearest hundredth of a percentage point.\n\n\nThe Tender Offer was made on the terms and conditions described in the Offer to Purchase, dated May 18, 2023 (as amended and as may be further amended or supplemented from time to time, the “Offer to Purchase”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase.\n\n\nThe “Total Consideration” for each $1,000 principal amount of Notes validly tendered and accepted for purchase pursuant to the Tender Offer was determined in the manner described in the Offer to Purchase by reference to the fixed spread over the yield to maturity of the Reference U.S. Treasury Security specified in the table above and in the Offer to Purchase at 10:00 a.m., New York City time, today, and includes an early tender premium of $50 per $1,000 principal amount of the Notes accepted for purchase.\n\n\nOnly holders of Notes who validly tendered and did not validly withdraw their Notes at or prior to 5:00 p.m., New York City time, on June 1, 2023 (the “Early Tender Deadline”) are eligible to receive the Total Consideration for the Notes accepted for purchase. Holders of Notes will also receive accrued and unpaid interest on their Notes validly tendered and accepted ...