India, June 12 -- GameStop Corp. (GME) announced the pricing of its upsized $2.25 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032 in a private offering.
GameStop also granted the initial purchaser of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $450 million aggregate principal amount of notes. The sale of the notes is expected to close on June 17, 2025, subject to customary closing conditions.
The notes will be general unsecured obligations of GameStop, will not bear regular interest and the principal amount of the notes will not accrete. The notes will mature on June 15, 2032, unless earlier converted, r...