GameStop Prices Upsized $2.25 Bln Convertible Senior Notes ...

GameStop Prices Upsized $2.25 Bln Convertible Senior Notes ...

GameStop Announces $2.25 Billion Notes For Future Investments, Growth

Key Takeaways: GameStop increases convertible note offering from $1.75B to $2.25B, potentially raising to $2.68B with overallotment. The funds will be used for general corporate activities, strategic investments, and potential acquisitions. Notes carry no interest, mature in 2032, and can convert into shares under specific conditions. GameStop Corp. is announcing an expansion of its previously disclosed private offering of convertible senior no…

GameStop's $2.25 billion convertible notes offering sparks investor buzz

GameStop is raising money by selling special financial instruments called Convertible Senior Notes. They plan to sell $2.25 billion worth of these notes and might sell an additional $450 million if the buyers want more. These notes are a type of loan that GameStop promises to pay back by June 15, 2032, but without regular interest payments. Instead, the notes can be converted into GameStop stock under certain conditions. The money GameStop gets …

Bitcoin Treasury Firm GameStop Boosts Convertible Bond Offering to $2.25 Billion

Shares fell earlier this week after the Texas-based video game retailer announced plans to offer $1.75 billion in convertible bonds.

GameStop shares tank 22% after boosting raise to $2.25B for Bitcoin strategy

Source: Coin Tegraph Video game and consumer electronics retailer GameStop has increased its planned private convertible note offering to $2.25 billion, signaling a deeper commitment to building out its corporate Bitcoin treasury. GameStop upsized its private convertible note offering to $2.25 billion on Thursday, with the sales of the notes expected to close on June 17. The video game retailer expects to raise approximately $2.23 billion, or $2…

GameStop raises planned convertible note offering to $2.25B

GameStop has raised the size of its planned convertible note sale to $2.25 billion from the original $1.75 billion. According to the company’s June 12 press release, the notes, which do not pay interest and are due in 2032, will…