GameStop To Cut Debt By $1.4B Through Stock Exchange Deal
GameStop Corp. (NYSE:GME) ("GameStop") today announced that it has agreed to exchange approximately $1.4 billion aggregate principal amount of its outstanding convertible senior notes for shares of its Class A
GameStop is trading in some money it owes for company ownership pieces instead, which means less debt to pay back later. This could help the company's finances, but watch whether this helps GameStop actually make more money from its core business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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