GameStop Increases Convertible Notes Offering to US$2.25 Billion
Deal News | Jun 13, 2025 | White & Case LLP
Global law firm White & Case LLP has advised GameStop Corp. on its upsized issuance of US$2.25 billion aggregate principal amount of 0.00% convertible senior notes due 2032 in a private offering. This strategic financial maneuver allows GameStop to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on the date the notes are first issued, up to an additional US$450 million aggregate principal amount of notes. The net proceeds from this offering are planned for general corporate purposes, including investments aligned with GameStop's Investment Policy and potential acquisitions. The White & Case legal team was led by a strong array of partners and associates across various specialties, highlighting the complexity and importance of this financial undertaking.
Sectors
- Retail
- Legal Services
- Capital Markets
Geography
- United States – Both GameStop Corp. and White & Case LLP have major operations in the United States, and the notes offering is in USD.
Industry
- Retail – GameStop Corp. is a retail company specializing in video games, consumer electronics, and gaming merchandise.
- Legal Services – White & Case LLP is a global law firm providing legal advice to GameStop Corp. on its financial transaction.
- Capital Markets – The issuance of convertible senior notes is a capital market activity, which involves raising funds through financial instruments.
Financials
- US$2.25 billion – Total aggregate principal amount of the 0.00% convertible senior notes issued by GameStop.
- US$450 million – Additional aggregate principal amount that initial purchasers have the option to purchase.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GameStop Corp. | Issuer of Convertible Senior Notes | Company | A US-based retail company that specializes in video games, consumer electronics, and gaming merchandise. |
| White & Case LLP | Legal Advisor | Company | A global law firm that advised GameStop on its convertible notes offering. |
| Laura Katherine Mann | Lead Capital Markets Partner | Person | An attorney at White & Case LLP, leading the legal team on GameStop's notes offering. |
| Richard Brand | M&A Partner | Person | A partner at White & Case LLP specializing in mergers and acquisitions, involved in the GameStop deal. |