GameStop Prices Upsized $2.25 Bln Convertible Senior Notes Offering
From Nasdaq.: 2025-06-12 23:25:00
GameStop Corp. announced the pricing of its $2.25 billion aggregate principal amount of Convertible Senior Notes due 2032 in a private offering. The initial purchaser has an option to purchase an additional $450 million within a 13-day period. The notes will not bear regular interest and will mature on June 15, 2032. Net proceeds from the offering are estimated to be around $2.23 billion, which will be used for general corporate purposes and potential acquisitions. The sale of the notes is expected to close on June 17, 2025, subject to customary closing conditions.
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