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AI brief of an SEC Form 8-K · Take-Two Interactive (TTWO)

Take-Two completes $600 million senior notes offering due 2029 and 2034

Neutral Impact 3 of 5 financing Written later

Take-Two Interactive Software completed a $600 million underwritten offering of senior unsecured notes on June 12, 2024, split evenly between 5.400% notes due 2029 and 5.600% notes due 2034. The company said it plans to use the net proceeds for general corporate purposes, including repaying its $600 million 3.550% senior notes due 2025 at or before maturity, so the deal mainly refinances existing debt.

Key points

  • $300 million of 5.400% senior notes mature June 12, 2029, and $300 million of 5.600% senior notes mature June 12, 2034.
  • Interest is paid semi-annually on June 12 and December 12, starting December 12, 2024.
  • Proceeds are intended for general corporate purposes, including repaying the $600 million 3.550% senior notes due 2025.
  • If a change of control repurchase event occurs, holders can require repurchase at 101% of principal plus accrued interest.

The filing

CompanyTake-Two Interactive (TTWO)
Form8-K, current report
Filed with the SECJun 12, 2024, 4:15 PM ET
Accession number0001193125-24-159952

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 12, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.