GameStop announces $1.3B convertible senior notes offering

GameStop (GME) Corp. announced that it intends to offer, subject to market conditions and other factors, $1.3B aggregate principal amount of 0.00% convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. GameStop expects to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop’s Investment Policy.