GameStop swaps USD 1.4 billion convertible notes for Class A shares
GME•Closing expected in late September 2026
Closing is expected around Sept. 23, 2026, subject to customary conditions.
Shares issued will be based partly on the stock’s 35-day VWAP starting Aug. 3, 2026, subject to a per-share price floor.
GameStop agrees to exchange convertible notes for shares
GameStop agreed to privately exchange about $1.4 billion of 0.00% Convertible Senior Notes due 2030 and 2032 for Class A shares.
The exchange retires debt without cash, cutting long-term debt by about $1.4 billion; $1.1 billion of 2030 Notes remain, and $1.7 billion of 2032 Notes remain.
