GameStop to pay $358.4M cash in amended convertible notes exchange
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GameStop Announces Amendment to Convertible Notes Exchange; Approximately $358.4 Million to be Settled in Cash in Lieu of Stock
August 31, 2026 6:11 AM EDTGRAPEVINE, Texas--(BUSINESS WIRE)-- GameStop Corp. (NYSE: GME) (GameStop) today announced that it has entered into amendments (the Amendments) to its previously announced exchange agreements (the Exchange Agreements) with certain existing holders (the Existing Noteholders) of its 0.00% Convertible Senior Notes due 2030 (the 2030 Notes) and 0.00% Convertible Senior Notes due 2032 (the 2032 Notes and, together with the 2030 Notes, the Exchange Notes), pursuant to which approximately $1.4 billion aggregate principal amount of Exchange Notes will be exchanged and canceled (the Exchange).
As originally structured, the Exchange was to be settled entirely in shares of GameStops Class A common stock (the Common Stock), with the... More
