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GameStop expands the issuance of convertible bonds to $2.25 billion.
Gate News bot message, GameStop has adjusted the scale of its private sale issuance from the original 1.75 billion USD to 2.25 billion USD. This issuance is for 0.00% convertible senior notes, scheduled to mature on June 15, 2032, with no interest and no incremental principal. The transaction is scheduled to be completed on June 17, 2025.
The net amount raised is expected to reach $2.23 billion, and if the overallotment option is exercised, the total will reach $2.68 billion. GameStop stated that the raised funds will be used for general corporate purposes, while also conducting investments and potential acquisition activities according to its investment policy.
Source: Wu Shuo