ConvertibleActiveBTC
0% Convertible Notes due 2030
GME-Apr30
BTC Holdings
4,710 BTC
Total Debt
$4.20B
Leverage
0.0%
mNAV
31.06x
Outstanding
$1.50B
Issue date
2025-04-01
Principal
$1.50B
Coupon
0.00%
Maturity
2030-04-01
Conversion price
$29.85
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after Apr 6, 2028 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Noteholders may require repurchase on Apr 3, 2028 at par
- Use of proceeds
- General corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop's Investment Policy
Sources(2)
- Form 8-K (2030 convertibl…FilingForm 8-K (2030 convertible notes offering)Item 2.03GameStop Corp. — 2025-03-26
- Pricing of $1.3B 0% Conve…Press ReleasePricing of $1.3B 0% Convertible Senior Notes due 2030GameStop Corp. — 2025-03-27
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-04-14 | Overallotment | $1.50B | Pricing of $1.3B 0% Conve… |
| 2025-04-01 | Issuance | $1.30B | Form 8-K (2030 convertibl… |
- 2025-04-14 — $1,500,000,000press_release — GameStop Corp.Source
- 2025-04-01 — $1,300,000,000filing — GameStop Corp.Source