GameStop guides $400 million five-year notes in mid-to-high 6% range; pricing this week

By Paul A. Harris

Portland, Ore., March 2 – GameStop Corp. is guiding a $400 million offering of five-year senior notes in the mid-to-high 6% yield context, according to a trader.

The deal is expected to price later this week.

BofA Merrill Lynch is the bookrunner for the Rule 144A and Regulation S offering.

The notes come with two years of call protection.

The Grapevine, Texas-based electronic game retailer plans to use the proceeds for general corporate purposes, which will likely include acquisitions and, potentially, dividends and stock buybacks.

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