Activision Blizzard Extends Exchange Offer with Respect to Certain of Its Senior Notes
June 01 2017 - 10:53PM
Business Wire
Activision Blizzard, Inc. (NASDAQ:ATVI) today announced that it
has extended until June 5, 2017 at 5:00 p.m., New York City time
the expiration date of its offer to exchange:
- an aggregate principal amount of up to
$650,000,000 of its 2.300% Senior Notes due 2021, which have been
registered under the Securities Act of 1933, as amended (the
“Securities Act”), for a like principal amount at maturity of
Activision Blizzard’s issued and outstanding 2.300% Senior Notes
due 2021 (the “Old 2021 Notes”) from the registered holders
thereof, and
- an aggregate principal amount of up to
$850,000,000 of its 3.400% Senior Notes due 2026, which have been
registered under the Securities Act, for a like principal amount at
maturity of Activision Blizzard’s issued and outstanding 3.400%
Senior Notes due 2026 (the “Old 2026 Notes” and, together with the
Old 2021 Notes, the “Old Notes”) from the registered holders
thereof.
The exchange offer had been scheduled to expire at 5:00 p.m.,
New York City time, on June 1, 2017. The extension of the exchange
offer has been made to allow holders of outstanding Old Notes who
have not yet tendered their Old Notes for exchange additional time
to do so. All other terms, provisions and conditions of the
exchange offer will remain in full force and effect. As of 5:00
p.m., New York City time, on June 1, 2017, approximately (i)
$649,000,000 in aggregate principal amount of the Old 2021 Notes
and (ii) $849,000,000 in aggregate principal amount of the Old 2026
Notes had been tendered and not withdrawn. Activision Blizzard will
not receive any proceeds from the exchange offer.
The terms, provisions and conditions of the exchange offer and
other information relating to Activision Blizzard are set forth in
the prospectus dated May 1, 2017. Copies of the prospectus and the
related letter of transmittal may be obtained from Wells Fargo
Bank, National Association, which is serving as the exchange agent
for the exchange offer. Wells Fargo Bank, National Association's
address, and telephone number are as follows:
Wells Fargo Bank, National Association600 S. Fourth St 7th
FloorMinneapolis, MN 55479Attention: Bondholder
CommunicationsPhone: 1-800-344-5128Email:
BONDHOLDERCOMMUNICATIONS@wellsfargo.com
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of an
appropriate prospectus.
About Activision Blizzard
Headquartered in Santa Monica, California, Activision Blizzard
has operations throughout the world, and its games are played in
196 countries.
Cautionary Note Regarding Forward Looking Statements: The
statements contained in this press release that are not historical
facts are forward-looking statements, including statements
regarding Activision Blizzard’s ability to consummate the offering
described in this press release. Forward-looking statements are
subject to business and economic risk, reflect management's current
expectations, estimates and projections about our business, and are
inherently uncertain and difficult to predict. The company cautions
that a number of important factors could cause Activision
Blizzard's actual future results and other future circumstances to
differ materially from those expressed in any forward-looking
statements. Such factors include, but are not limited to,
Activision Blizzard's ability to consummate the exchange offer and
the other factors identified in "Risk Factors" included in Part I,
Item 1A of our Annual Report on Form 10-K for the year ended
December 31, 2016 and subsequent quarterly reports on Form 10-Q.
The forward-looking statements in this press release are based on
information available to the company at this time and we assume no
obligation to update any such forward-looking statements. Although
these forward-looking statements are believed to be true when made,
they may ultimately prove to be incorrect. These statements are not
guarantees of our future performance and are subject to risks,
uncertainties and other factors, some of which are beyond our
control and may cause actual results to differ materially from
current expectations.
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version on businesswire.com: http://www.businesswire.com/news/home/20170601006768/en/
Activision Blizzard, Inc.Amrita AhujaSVP, Investor
Relations310-255-2075Amrita.Ahuja@Activision.comorMary OsakoSVP,
Global Communications424-322-5166Mary.Osako@Activision.com
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