GameStop Plans $1.3 Billion Convertible Notes Offering

According to Odaily, GameStop (GME.N) announced on Wednesday its intention to privately place $1.3 billion in convertible senior notes, set to mature in 2030. The company also stated that initial purchasers would have the option to buy up to an additional $200 million in principal amount of the notes. In a statement, GameStop expressed its aim to use the net proceeds from this offering for general corporate purposes, which may include acquiring Bitcoin in accordance with its investment policy.