Take-Two to sell $600 million in bonds
Take-Two Interactive has decided to sell bonds in a large amount. It plans to raise 600 million dollars from the sale of securities for "general corporate purposes."
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According to the press release, almost the entire amount will be used to pay off previously issued bonds.
Selling bonds is a standard practice for Take-Two. The last time the company sold them was in January 2024, but then the amount was almost half as much, totaling 350 million dollars. One of the largest sales was in April 2022, when Take-Two raised 2.7 billion dollars to partially fund the acquisition of Zynga.
