GameStop Plans $1.75 Billion Senior Notes Offering-January 2024-www.financetom.com

GameStop Plans $1.75 Billion Senior Notes Offering

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GameStop Plans $1.75 Billion Senior Notes Offering

Jun 11, 2025 3:10 PM

04:17 PM EDT, 06/11/2025 (MT Newswires) -- GameStop ( GME ) said late Wednesday it plans to offer $1.75 billion of convertible senior notes due 2032 to institutional buyers.

The company plans to offer initial purchasers a 13-day overallotment option to buy up to an additional $250 million of notes.

The initial conversion rate, redemption rights, and other related terms of the notes will be established during the pricing of the private offering, according to a statement.

GameStop ( GME ) plans to use the net proceeds for general corporate purposes, the company said.

Shares were down 6.7% in after-hours trading.

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