Take-Two Interactive Software Enters Material Definitive Agreement
Ticker: TTWO · Form: 8-K · Filed: Jun 12, 2024 · CIK: 946581
| Field | Detail |
|---|---|
| Company | Take Two Interactive Software INC (TTWO) |
| Form Type | 8-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $600 million, $300 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: TTWO
TL;DR
TTWO signed a big deal, could mean new financial obligations.
AI Summary
Take-Two Interactive Software, Inc. announced on June 10, 2024, that it entered into a Material Definitive Agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The company is based in New York, NY, and its fiscal year ends on March 31.
Why It Matters
This filing signals a significant new agreement for Take-Two Interactive, which could impact its financial obligations and future business operations.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement and potential new financial obligations can introduce financial and operational risks.
Key Players & Entities
- Take-Two Interactive Software, Inc. (company) — Registrant
- June 10, 2024 (date) — Date of earliest event reported
- 110 West 44th Street, New York, New York 10036 (location) — Principal executive offices
FAQ
What is the nature of the Material Definitive Agreement entered into by Take-Two Interactive Software, Inc.?
The filing states that Take-Two Interactive Software, Inc. entered into a Material Definitive Agreement on June 10, 2024, but the specific details of the agreement are not provided in this excerpt.
What are the implications of the 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement'?
This indicates that the company has undertaken new financial commitments, which could involve debt or other financial arrangements not directly reflected on its balance sheet, as reported on June 10, 2024.
When is Take-Two Interactive Software, Inc.'s fiscal year end?
Take-Two Interactive Software, Inc.'s fiscal year ends on March 31.
What is the principal executive office address for Take-Two Interactive Software, Inc.?
The principal executive offices of Take-Two Interactive Software, Inc. are located at 110 West 44th Street, New York, New York 10036.
What is the SEC file number for Take-Two Interactive Software, Inc.?
The SEC file number for Take-Two Interactive Software, Inc. is 001-34003.
Filing Stats: 1,593 words · 6 min read · ~5 pages · Grade level 10.8 · Accepted 2024-06-12 16:15:31
Key Financial Figures
- $600 million — c offering (the "Offering") and sale of $600 million aggregate principal amount of its senio
- $300 million — ount of its senior notes, consisting of $300 million principal amount of its 5.400% Senior N
Filing Documents
- d818250d8k.htm (8-K) — 38KB
- d818250dex11.htm (EX-1.1) — 135KB
- d818250dex41.htm (EX-4.1) — 164KB
- d818250dex42.htm (EX-4.2) — 165KB
- d818250dex51.htm (EX-5.1) — 13KB
- d818250dex991.htm (EX-99.1) — 11KB
- g818250g02t98.jpg (GRAPHIC) — 4KB
- g818250g0612122508561.jpg (GRAPHIC) — 3KB
- 0001193125-24-159952.txt ( ) — 784KB
- ttwo-20240610.xsd (EX-101.SCH) — 3KB
- ttwo-20240610_lab.xml (EX-101.LAB) — 17KB
- ttwo-20240610_pre.xml (EX-101.PRE) — 11KB
- d818250d8k_htm.xml (XML) — 3KB
Forward-Looking Statements
Forward-Looking Statements Other important factors and information are contained in the Company's most recent Annual Report on Form 10-K, including the risks summarized in the section entitled "Risk Factors," and the Company's other periodic filings with the SEC, which can be accessed at www.take2games.com. All forward-looking statements are qualifi
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits EXHIBIT NO. DESCRIPTION 1.1 Underwriting Agreement, dated as of June 10, 2024, by and among the Company, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named in Schedule 1 thereto. 4.1 Seventh Supplemental Indenture, dated as of June 12, 2024, between the Company and The Bank of New York Mellon, as Trustee. 4.2 Eighth Supplemental Indenture, dated as of June 12, 2024, between the Company and The Bank of New York Mellon, as Trustee. 4.3 Form of Global Note representing 5.400% Senior Notes due 2029 (included as part of Exhibit 4.1). 4.4 Form of Global Note representing 5.600% Senior Notes due 2034 (included as part of Exhibit 4.2). 5.1 Opinion of Willkie Farr & Gallagher LLP. 5.2 Consent of Willkie Farr & Gallagher LLP (included as part of Exhibit 5.1). 99.1 Press Release, dated June 10, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). - 4 -
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TAKE-TWO INTERACTIVE SOFTWARE, INC. By: /s/ Matthew Breitman Name: Matthew Breitman Title: Senior Vice President, General Counsel Americas & Corporate Secretary Date: June 12, 2024 - 5 -