Take-Two Interactive has decided to sell bonds for a significant amount. It plans to raise $600 million from the sale of securities for "general corporate purposes."

Red Dead Online

According to the press release, almost the entire amount will go towards payments on previously issued bonds.

Selling bonds is a standard practice for Take-Two. The company last sold bonds in January 2024, but the amount was nearly half as much, totaling $350 million. One of the largest sales was in April 2022, when Take-Two raised $2.7 billion to partially fund the acquisition of Zynga.

Source:

Business Wire

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