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GameStop to cut long-term debt by $1.4B through note exchange

1 month ago 13

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Stock Of Video Game Retailer Gamestop Skyrocketing, Due To Reddit Message Board Traders

GameStop (GME) has agreed to exchange about $1.4B of its outstanding convertible senior notes for shares of its Class A common stock under privately negotiated agreements with certain existing noteholders.

The exchange includes ~$400M of its 0.00% Convertible Senior Notes due 2030

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