GameStop Announces Private Exchange Of $1.4 Billion Of Convertible Senior Notes For Equity
GME•GameStop to exchange $1.4 billion of convertible senior notes for equity
Aug. 3 (Reuters) - GameStop Corp. GME.N:
- GameStop announces private exchange of $1.4 billion of convertible senior notes for equity.
- Existing noteholders are to exchange $400 million of 2030 notes and $1 billion of 2032 notes.
- GameStop will not receive cash proceeds from the common stock issuance.
- The exchange is expected to close on or about Sept. 23, 2026.
- GameStop expects to reduce long-term debt by $1.40 billion upon closing.
