GameStop Redeems $125 Million of Senior Notes due 2021

Register, or to view the article

In a Form 8-K filed on November 10, 2020, GameStop Corp. announced that It has issued a notice of redemption to redeem $125.0 million of its outstanding 6.75% Senior Notes due 2021. The redemption date will be December 11, 2020 and the redemption price will be equal to $1,000 per $1,000 principal amount of the Notes being redeemed, representing 100.00% of the principal amount of the Notes being redeemed, plus accrued but unpaid interest thereon to, but not including, the Redemption Date. Upon the redemption by the Company of the Notes being redeemed, $73.2 million of Notes will remain outstanding. The Company expects to pay the redemption price for the Notes being redeemed with cash on hand.

Read more Bankruptcy News