GameStop Secures New $500 Million ABL Facility with Improved Liquidity and Terms
04 Novembro 2021 - 8:00AM
Business Wire
GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today
announced that it has entered into a new $500 million global
asset-based revolving credit facility (“ABL Facility”) with a
syndicate of banks. The new five-year ABL Facility, which was
oversubscribed, replaces the Company’s existing $420 million
facility due in November 2022. In addition to delivering enhanced
liquidity, the new ABL Facility provides for reduced borrowing
costs, lighter covenants and more flexibility. Wells Fargo Bank,
N.A. acted as Lead Arranger and will serve as Administrative
Agent.
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GameStop Investor Relations 817-424-2001 ir@gamestop.com
GameStop Public Relations 646-386-0091 media@gamestop.com
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