CIO Influence
CIO Influence News SaaS

Take-Two Interactive Software, Inc. Announces Pricing of $2.7 Billion Senior Notes Offering

Take-Two Interactive Software, Inc. Announces Pricing of $2.7 Billion Senior Notes Offering

Take-Two Interactive Software, Inc. announced that it has agreed to sell in an underwritten public offering $2.7 billion aggregate principal amount of its Senior Notes, consisting of $1.0 billion of its 3.300% Senior Notes due 2024, $600 million of its 3.550% Senior Notes due 2025, $600 million of its 3.700% Senior Notes due 2027 and $500 million of its 4.000% Senior Notes due 2032.

Top iTechnology Security News: GoodAccess Brings Free Cloud VPN to Small and Medium Businesses to Simply Secure Remote Employees, Network-less Offices and Cloud Resources and Applications

The Company intends to use a portion of the net proceeds from the offering, together with cash on hand, to fund the cash portion of the consideration for its pending acquisition of Zynga Inc. (“Zynga”) and the expected settlement of the outstanding convertible notes issued by Zynga, and related costs and expenses. Any remaining net proceeds will be used for general corporate purposes. If the acquisition is not consummated on or prior to January 9, 2023, or is terminated prior to such date, the Company will be required to redeem the Senior Notes.

The closing of the offering is expected to occur on April 14, 2022, subject to satisfaction of customary closing conditions.

J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, BNP Paribas Securities Corp. and BofA Securities, Inc. 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 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 or by calling 1-800-645-3751.

Top iTechnology Cloud News: InvestorFlow Announces Merger With Cloud Theory and $30 Million Series A Raise

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.

Top iTechnology SaaS News: Infogain Opens Newest Global Delivery Center in Montevideo, Uruguay

[To share your insights with us, please write to]

Related posts

Precision OT’s Advanced Engineering Group Acquires Nine Patents, Pushing the Frontier of Optical Networking and Integrated Photonics

ThetaRay Partners with Google Cloud to Bring Advanced Anti-Money Laundering (AML) Solution to Payments Ecosystem

CIO Influence News Desk

Absyz Partners With Low-code Leader Mendix To Accelerate Digital Transformation

CIO Influence News Desk

Leave a Comment