GameStop (GME) Unveils $1.3B Convertible Notes Offering Due 2030

Mar 27, 2025

GameStop (GME, Financial) revealed plans to issue $1.3 billion in convertible senior notes, which are set to mature on April 1, 2030. This move includes an option for the initial purchaser to acquire an additional $200 million in notes. These unsecured notes, not bearing regular interest, are expected to close by April 2025. The retailer anticipates net proceeds of approximately $1.28 billion, earmarked for general corporate needs, including Bitcoin investments. Following the announcement, GameStop's shares rose by 2.44% in after-hours trading.

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