{"id":485497,"date":"2021-05-03T06:48:26","date_gmt":"2021-05-03T10:48:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-completes-voluntary-early-redemption-of-senior-notes\/"},"modified":"2021-05-03T06:48:26","modified_gmt":"2021-05-03T10:48:26","slug":"gamestop-completes-voluntary-early-redemption-of-senior-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-completes-voluntary-early-redemption-of-senior-notes\/","title":{"rendered":"GameStop Completes Voluntary Early Redemption of Senior Notes"},"content":{"rendered":"

\nElimination of Long-Term Debt Further Strengthens Company\u2019s Balance Sheet and Supports Transformation
\n<\/h2>\n
\n

GRAPEVINE, Texas, May 03, 2021 (GLOBE NEWSWIRE) — GameStop Corp. (NYSE: GME) (\u201cGameStop\u201d or the \u201cCompany\u201d) today announced that on April 30, 2021 it completed its voluntary early redemption of $216.4 million in principal amount of its 10.0% Senior Notes due 2023. This voluntary early redemption covered the entire amount of the outstanding 10% Senior Notes, which represented all of the Company\u2019s long-term debt.<\/p>\n

\n
\n About GameStop<\/u>
\n <\/strong>\n <\/p>\n

GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its ecommerce properties and thousands of stores. Visit\u00a0www.GameStop.com<\/a><\/u>\u00a0to explore our products and offerings. Follow @GameStop and @GameStopCorp on Twitter and find us on Facebook at\u00a0www.facebook.com\/GameStop<\/a><\/u>.<\/p>\n

\n
\n Cautionary Statement Regarding Forward-Looking Statements – Safe Harbor<\/u>
\n <\/strong>\n <\/p>\n

This press release contains \u201cforward looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally, including statements about expected benefits from debt reduction, include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as \u201cbelieves,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cprojects,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201copportunity,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cpotential,\u201d or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company\u2019s business and financial results are included in the Company\u2019s filings with the SEC including, but not limited to, the Company\u2019s Annual Report on Form 10-K for the fiscal year ended January 30, 2021, filed with the SEC on March 23, 2021. \u00a0All filings are available at\u00a0www.sec.gov<\/a><\/u>\u00a0and on the Company\u2019s website at\u00a0www.GameStop.com<\/a><\/u>.<\/p>\n

\n
\n Contacts<\/u>
\n <\/strong>\n <\/p>\n

GameStop Investor Relations
817-424-2001
investorrelations@gamestop.com<\/a><\/u><\/p>\n

GameStop Public Relations
Joey Mooring
joeymooring@gamestop.com<\/a><\/u><\/p>\n

or<\/p>\n

Profile
Greg Marose \/ Charlotte Kiaie
gamestop@profileadvisors.com<\/a><\/u><\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Elimination of Long-Term Debt Further Strengthens Company\u2019s Balance Sheet and Supports Transformation GRAPEVINE, Texas, May 03, 2021 (GLOBE NEWSWIRE) — GameStop Corp. (NYSE: GME) (\u201cGameStop\u201d or the \u201cCompany\u201d) today announced that on April 30, 2021 it completed its voluntary early redemption of $216.4 million in principal amount of its 10.0% Senior Notes due 2023. This voluntary early redemption covered the entire amount of the outstanding 10% Senior Notes, which represented all of the Company\u2019s long-term debt. About GameStop GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its ecommerce properties and thousands of stores. Visit\u00a0www.GameStop.com\u00a0to explore our products and offerings. Follow @GameStop and @GameStopCorp on Twitter and find us … <\/p>\n

Continue reading “GameStop Completes Voluntary Early Redemption of Senior Notes”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-485497","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGameStop Completes Voluntary Early Redemption of Senior Notes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gamestop-completes-voluntary-early-redemption-of-senior-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GameStop Completes Voluntary Early Redemption of Senior Notes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Elimination of Long-Term Debt Further Strengthens Company\u2019s Balance Sheet and Supports Transformation GRAPEVINE, Texas, May 03, 2021 (GLOBE NEWSWIRE) — GameStop Corp. (NYSE: GME) (\u201cGameStop\u201d or the \u201cCompany\u201d) today announced that on April 30, 2021 it completed its voluntary early redemption of $216.4 million in principal amount of its 10.0% Senior Notes due 2023. This voluntary early redemption covered the entire amount of the outstanding 10% Senior Notes, which represented all of the Company\u2019s long-term debt. About GameStop GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its ecommerce properties and thousands of stores. Visit\u00a0www.GameStop.com\u00a0to explore our products and offerings. 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