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GameStop Increases Planned Issuance of Convertible Senior Notes to $2.25 billion

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2025-06-13 00:33:36
GameStop (NYSE: GME), the video game retailer, announced that it has priced its additional $2.25 billion aggregate principal convertible senior notes due 2032 in a private offering. The company also granted the initial purchaser an option to purchase up to an additional $450 million in principal notes within 13 days of the initial offering date. After deducting related expenses, GameStop expects net proceeds from the offering to be approximately $2.23 billion, and if the initial purchaser exercises the option, the net proceeds will be approximately $2.68 billion, and the funds will be used for general corporate purposes, including investments and potential acquisitions.
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