Financing ·
GameStop Corp. entered into privately negotiated exchange agreements on August 2, 2026, to swap approximately $1.4…
GME-WTGameStop Corp.
GameStop Corp. entered into privately negotiated exchange agreements on August 2, 2026, to swap approximately $1.4 billion in aggregate principal amount of its outstanding convertible senior notes for shares of Class A common stock. Specifically, the company is exchanging $400 million of its 0.00% Convertible Senior Notes due 2030 and $1.0 billion of its 0.00% Convertible Senior Notes due 2032 held by existing institutional note holders. The transaction will cancel these notes without cash proceeds, reducing outstanding long-term debt by the same amount while leaving approximately $1.1 billion of 2030 Notes and $1.7 billion of 2032 Notes remaining. The number of shares issued depends on the average volume-weighted average price over a 35-day period starting August 3, 2026, subject to a price floor. Closing is expected around September 23, 2026. GameStop Corp. operates in the consumer technology retail industry, selling video games, electronics, and related merchandise.