GameStop Corp. has announced its intention to conduct a private offering of convertible senior notes valued at $1.75 billion.
The offering is structured as a private placement targeting qualified institutional buyers. The notes will be senior, unsecured obligations of GameStop.
Funds raised from the offering are earmarked for general corporate purposes, which may include potential acquisitions and strategic investments.
This capital raise represents a significant financial move by the company as it navigates its evolving business strategy.