Golden Finance reported that video game retailer GameStop (NYSE: GME) has announced the pricing for its private sale of $2.25 billion principal amount of 0.00% convertible senior notes due 2032. The company also granted the initial purchasers an option to purchase up to an additional $450 million principal amount of notes within 13 days of the notes’ initial issuance. After deducting related expenses, GameStop expects the net proceeds from this issuance to be approximately $2.23 billion, and if the initial purchasers exercise their option, the net proceeds are expected to be approximately $2.68 billion. The funds will be used for general corporate purposes, including investments and potential acquisitions.
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