Take-Two Interactive Enters Into Agreement to Sell Bonds

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Take Two InteractiveIn a filing with the United States Securities and Exchange Commission, Take-Two Interactive confirmed that has signed on J. P. Morgan Securities and Barclays Capital to sell Bonds on behalf of Take-Two Interactive:
The two underwriters will sell $120 million of bonds that will bear 4.375% interest and will be due in 2014. The Underwriters have the option (which they have exercised) to purchase another $18 million of bonds, and is purchasing. All the bonds are to be purchased by the underwriters for 97% of face value before being sold to the ultimate investors, meaning that Take-Two will only receive $133.86 million (less transaction fees such as legal documentation) for the obligation.

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This page contains a single entry by Editor published on June 3, 2009 3:34 AM.

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