GameStop Corp. announced the voluntary termination of its $250 million asset-based secured revolving credit facility, effective August 27, 2024. The credit facility, originally established on November 3, 2021, included a $50 million swing loan sub-facility, a $50 million Canadian sub-facility, and a $250 million letter of credit sublimit, with a maturity date of November 3, 2026.Following this termination, the company will primarily rely on cash from operations and existing cash on hand for its liquidity needs. The decision marks a significant shift in GameStop's financial strategy, moving away from traditional credit facilities towards self-funded operations.

GameStop Corp. announced the voluntary termination of its $250 million asset-based secured revolving credit facility, effective August 27, 2024. The credit facility, originally established on November 3, 2021, included a $50 million swing loan sub-facility, a $50 million Canadian sub-facility, and a $250 million letter of credit sublimit, with a maturity date of November 3, 2026.Following this termination, the company will primarily rely on cash from operations and existing cash on hand for its liquidity needs. The decision marks a significant shift in GameStop's financial strategy, moving away from traditional credit facilities towards self-funded operations.