GameStop Corp. has announced plans for a private offering of $1.3 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030. The offering is subject to market conditions and other factors. GameStop also intends to grant initial purchasers an option to buy up to an additional $200 million aggregate principal amount of notes within a 13-day period. The notes will mature on April 1, 2030, unless earlier converted, redeemed, or repurchased. Proceeds from the offering are expected to be used for general corporate purposes, including the acquisition of Bitcoin in line with GameStop’s Investment Policy. — news from GlobeNewswire
