secwatch.observer — SEC 8-K summary
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Issuer:     GameStop Corp. (GME)
CIK:        0001326380
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001326380-24-000100
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

GameStop terminates $250M credit facility, effective immediately
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326380/000132638024000100/0001326380-24-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326380/000132638024000100/gme-20240827.htm
  HTML page:      https://secwatch.observer/filing/0001326380-24-000100

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