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GameStop plans to pay down $400 million asset-based facility
By Jennifer Chiou
New York, Sept. 16 – GameStop Corp. intends to use the net proceeds from an offering of $250 million of unsecured senior notes due 2019 to pay down its $400 million asset-based facility, according to a news release.
The company plans to sell the notes to eligible purchasers in a private offering.
Remaining proceeds will go towards general corporate purposes.
GameStop is a Grapevine, Texas-based retailer of video game products and personal computer entertainment software.
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