debt
confidence high
sentiment neutral
materiality 0.40
GameStop terminates $250M credit facility, effective immediately
GameStop Corp.
- Voluntarily terminated $250M asset-based secured revolving credit facility on Aug 27, 2024.
- Facility included $50M swing loan, $50M Canadian revolver, and $250M letter of credit sublimit.
- Commitment fee of 0.25% on unused portion; maturity was Nov 3, 2026 before termination.
- Post-termination, liquidity comes from cash from operations and cash on hand only.