GameStop swaps USD 1.4 billion convertible notes for Class A shares
Reuters2026/08/03 10:00- GameStop agreed to privately exchange about $1.4 billion of 0.00% Convertible Senior Notes due 2030 and 2032 for Class A shares.
- The exchange retires debt without cash, cutting long-term debt by about $1.4 billion; $1.1 billion of 2030 Notes remain, $1.7 billion of 2032 Notes remain.
- Closing is expected around Sept. 23, 2026, subject to customary conditions.
- Shares issued will be based partly on the stock’s 35-day VWAP starting Aug. 3, 2026, subject to a per-share price floor.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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