GameStop Corp. (GME): debt financing — GameStop raises $2.23B net from upsized $2.25B zero-coupon convertible note offering

GameStop Corp.

Completed $2.25B aggregate principal of 0.00% Convertible Senior Notes due 2032; net proceeds ~$2.23B after discounts and expenses.
Initial conversion price ~$28.91/share (32.5% premium to June 12 VWAP); conversion rate 34.5872 shares per $1,000 principal.
Notes mature June 15, 2032; no regular interest; redeemable after June 20, 2029 if stock price ≥130% of conversion price.
Holders may require repurchase on Dec 15, 2028 or upon fundamental change; initial purchaser option for additional $450M.
Proceeds for general corporate purposes, investments per Investment Policy, and potential acquisitions.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

GameStop Corp. incurred convertible notes of $2.25 billion aggregate principal amount with initial purchaser at 0.00% maturing June 15, 2032.

Instrument: convertible notes
Principal: $2.25 billion aggregate principal amount
Counterparty: initial purchaser
Rate: 0.00%
Maturity: June 15, 2032
Event: incurrence

Exact text from the filing

On June 17, 2025, GameStop Corp. (the “Company”) completed its previously announced private offering (the “Offering”) of $2.25 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032 (the “Notes”).

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GameStop Corp. filing history →

Source: SEC EDGAR

accession 0001326380-25-000055

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