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GameStop | 8-K: Gamestop Secures $250m Revolving Credit Facility

GameStop | 8-K: Gamestop Secures $250m Revolving Credit Facility

游戏驿站 | 8-K:游戏驿站获得2.5亿美元循环信贷
美股SEC公告 ·  08/28 16:28
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GameStop Corp. has officially terminated its Credit Agreement as of August 27, 2024. The agreement, initially entered into on November 3, 2021, involved various financial institutions including Wells Fargo Bank and JPMorgan Chase Bank, providing GameStop with a $250 million asset-based secured revolving credit facility, which also featured a $50 million swing loan revolving sub-facility, a $50 million Canadian revolving sub-facility, and a $250 million letter of credit sublimit. The company was obligated to pay a commitment fee of 0.25% on any unused portion of the total commitment. The termination of the Credit Facility, which was set to mature on November 3, 2026, was voluntarily initiated by GameStop and includes the cessation of all commitments and obligations under the Credit Agreement. Following this termination, GameStop's primary liquidity sources will be its operational cash flow and cash reserves.
GameStop Corp. has officially terminated its Credit Agreement as of August 27, 2024. The agreement, initially entered into on November 3, 2021, involved various financial institutions including Wells Fargo Bank and JPMorgan Chase Bank, providing GameStop with a $250 million asset-based secured revolving credit facility, which also featured a $50 million swing loan revolving sub-facility, a $50 million Canadian revolving sub-facility, and a $250 million letter of credit sublimit. The company was obligated to pay a commitment fee of 0.25% on any unused portion of the total commitment. The termination of the Credit Facility, which was set to mature on November 3, 2026, was voluntarily initiated by GameStop and includes the cessation of all commitments and obligations under the Credit Agreement. Following this termination, GameStop's primary liquidity sources will be its operational cash flow and cash reserves.
截至2024年8月27日,GameStop Corp.已正式终止其信贷协议。该协议最初于2021年11月3日签订,涉及威尔斯法高银行和摩根大通银行等各种金融机构,为GameStop提供了一项2.5亿美元的基于资产抵押的循环授信设施,同时还设有5000万美元的摇摆贷款循环子设施,5000万加元的加拿大循环子设施和2.5亿美元的信用证子限额。公司有义务支付总承诺未使用部分的0.25%承诺费用。信贷设施原计划于2026年11月3日到期,由GameStop自愿启动了终止程序,并包括终止信贷协议下的所有承诺和义务。在此终止后,GameStop的主要流动资金来源将是其营运现金流和现金储备。
截至2024年8月27日,GameStop Corp.已正式终止其信贷协议。该协议最初于2021年11月3日签订,涉及威尔斯法高银行和摩根大通银行等各种金融机构,为GameStop提供了一项2.5亿美元的基于资产抵押的循环授信设施,同时还设有5000万美元的摇摆贷款循环子设施,5000万加元的加拿大循环子设施和2.5亿美元的信用证子限额。公司有义务支付总承诺未使用部分的0.25%承诺费用。信贷设施原计划于2026年11月3日到期,由GameStop自愿启动了终止程序,并包括终止信贷协议下的所有承诺和义务。在此终止后,GameStop的主要流动资金来源将是其营运现金流和现金储备。
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