Take-two interactive software, inc. announces pricing of $1.0 billion senior notes offering

New york--(business wire)--take-two interactive software, inc. (nasdaq: ttwo) (the “company”) announced today that it has agreed to sell in an underwritten public offering $1.0 billion aggregate principal amount of its senior notes, consisting of $500 million of its 5.000% senior notes due 2026 and $500 million of its 4.950% senior notes due 2028. the company intends to use the net proceeds from the offering to repay in full its outstanding term loan, which has a principal balance of $350.
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