TechFlow news, June 13 — According to Businesswire, GameStop (NYSE: GME), the video game retailer, announced pricing for its private placement of $2.25 billion aggregate principal amount of 0.00% convertible senior notes due 2032. The company also granted the initial purchasers an option to purchase up to an additional $450 million aggregate principal amount of notes within 13 days of the initial issuance date. After deducting related expenses, GameStop expects net proceeds of approximately $2.23 billion from the offering, or about $2.68 billion if the initial purchasers exercise their option in full. The proceeds will be used for general corporate purposes, including investments and potential acquisitions.
Add to Favorites
Share to Social Media
