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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 8/10/20 Activision Blizzard, Inc. 8-K:1,2,8,9 8/05/20 13:1.1M Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 38K 2: EX-1.1 Underwriting Agreement or Conflict Minerals Report HTML 129K 3: EX-4.2 Instrument Defining the Rights of Security Holders HTML 337K 4: EX-5.1 Opinion of Counsel re: Legality HTML 22K 9: R1 Cover HTML 46K 11: XML IDEA XML File -- Filing Summary XML 12K 8: XML XBRL Instance -- tm2026289-4_8k_htm XML 15K 10: EXCEL IDEA Workbook of Financial Reports XLSX 6K 6: EX-101.LAB XBRL Labels -- atvi-20200805_lab XML 97K 7: EX-101.PRE XBRL Presentations -- atvi-20200805_pre XML 64K 5: EX-101.SCH XBRL Schema -- atvi-20200805 XSD 13K 12: JSON XBRL Instance as JSON Data -- MetaLinks 25± 34K 13: ZIP XBRL Zipped Folder -- 0001104659-20-092717-xbrl Zip 126K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (date of earliest event reported): August 10, 2020 ( i August 5, 2020)
(Exact name of registrant as specified in charter)
| i Delaware | i 001-15839 | i 95-4803544 | ||
| (State
or other jurisdiction of incorporation) |
(Commission
file number) |
(I.R.S.
employer identification number) |
| i 3100 Ocean Park Boulevard i Santa Monica, i CA |
i 90405 | |
| (Address of principal executive offices) | (Zip code) |
Registrant’s telephone number, including area code: ( i 310) i 255-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| i ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| i ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| i ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| i ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||
| i Common Stock, par value $.000001 per share | i ATVI | i The Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
C:
Item 1.01. Entry into a Material Definitive Agreement.
1.350% Senior Notes due 2030 and 2.500% Senior Notes due 2050
On August 10, 2020, Activision Blizzard, Inc. (the “Company”) completed its previously announced offering of two series of senior unsecured notes in an aggregate principal amount of $2.0 billion, in a public underwritten offering, consisting of $500 million of 1.350% Senior Notes due 2030 (the “2030 Notes”) and $1.5 billion of 2.500% Senior Notes due 2050 (the “2050 Notes,” and, together with the 2030 Notes, the “Notes”).
The Notes are the general senior obligations of the Company. Each series of Notes will be effectively subordinated to all of the Company's future secured debt, if any, to the extent of the value of the assets securing such debt. The Notes will not be guaranteed by any of the Company’s subsidiaries.
The Notes were offered and sold by the Company pursuant to its automatic shelf Registration Statement on Form S-3 (the “Registration Statement”) (Registration Statement No. 333-233617), filed with the Securities and Exchange Commission (the “SEC”) on September 4, 2019, as supplemented by the prospectus supplement dated August 5, 2020.
The Indenture and the Supplemental Indenture
The Notes were issued pursuant to a base indenture, dated May 26, 2017 (the “Base Indenture”), as supplemented by a second supplemental indenture, dated as of August 10, 2020 (the “Supplemental Indenture and, together with the Base Indenture, the “Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee”). The 2030 Notes will accrue interest at the rate of 1.350% per year and will mature on September 15, 2030. The 2050 Notes will accrue interest at the rate of 2.500% per year and will mature on September 15, 2050. Interest on the Notes will be payable semi-annually in arrears on each March 15 and September 15, commencing March 15, 2021. Interest on the Notes will accrue from August 10, 2020.
The 2030 Notes and the 2050 Notes will be redeemable at the option of the Company, in whole or in part, at any time on or after June 15, 2030 and March 15, 2050, respectively, in each case at 100% of the aggregate principal amount thereof plus accrued and unpaid interest, if any to, but excluding, the redemption date.
In addition, the Company may redeem some or all of the 2030 Notes and the 2050 Notes prior to June 15, 2030 and March 15, 2050, respectively, in each case at a price equal to 100% of the aggregate principal amount thereof plus a “make-whole” premium and accrued and unpaid interest, if any, to, but excluding, the redemption date.
Upon the occurrence of certain change of control events, the Company will be required to offer to repurchase the Notes at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to, but excluding, the purchase date applicable to such Notes.
The Indenture contains covenants that limit the ability of the Company to create or incur secured indebtedness and the ability of the Company and any of its Restricted Subsidiaries (as such term is defined in the Indenture) to, among other things enter into sale or leaseback transactions and consolidate, merge, sell or otherwise dispose of all or substantially all of the Company’s assets.
The Indenture also provides for customary events of default.
The foregoing summaries of the Base Indenture, the Supplemental Indenture, the 2030 Notes and the 2050 Notes are not complete and are qualified in their entirety by reference to the full and complete texts of the Base Indenture, the Supplemental Indenture and the forms of the 2030 Notes and the 2050 Notes, copies of which are attached as Exhibits 4.1, 4.2, 4.3 and 4.4, respectively, to this Current Report on Form 8-K and incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information included in Item 1.01 above is incorporated by reference into this Item 2.03.
Item 8.01. Other Events.
On August 5, 2020, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, in connection with the offer and sale of the Notes pursuant to the Registration Statement described above.
The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is attached hereto as Exhibit 1.1 and incorporated herein by reference.
Redemption of 2.300% Unsecured Senior Notes due 2021 and 2.600% Unsecured Senior Notes due 2022
On August 5, 2020, the Company directed Wells Fargo Bank, National Association, as trustee (the “2021 Notes Trustee” and the “2022 Notes Trustee”, as applicable) under the Indenture, dated as of September 19, 2016, among the Company, the guarantors party thereto from time to time and the 2021 Notes Trustee, and the Indenture, dated as of May 26, 2017, between the Company and the 2022 Notes Trustee, as supplemented by that certain First Supplemental Indenture, dated as of May 26, 2017, between the Company and the 2022 Trustee, to issue a notice of redemption to redeem all of the $650.0 million outstanding aggregate principal amount of the Company’s 2.300% Unsecured Senior Notes due 2021 and all of the $400.0 million outstanding aggregate principal amount of the Company’s 2.600% Unsecured Senior Notes due 2022, on September 4, 2020.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
C:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: August 10, 2020 | ACTIVISION BLIZZARD, INC. | |
| By: | /s/ Chris B. Walther | |
| Chris B. Walther | ||
| Chief Legal Officer | ||
C:
C:
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 9/15/30 | ||||
| 6/15/30 | ||||
| 3/15/21 | ||||
| 9/4/20 | ||||
| Filed on: | 8/10/20 | 4 | ||
| For Period end: | 8/5/20 | 424B3, FWP | ||
| 9/4/19 | 8-K, S-3ASR | |||
| 5/26/17 | 8-K, CT ORDER | |||
| 9/19/16 | 8-K | |||
| List all Filings | ||||
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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/26/17 Activision Blizzard, Inc. 8-K:1,2,8,9 5/23/17 6:1.9M Toppan Merrill/FA |