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

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

遊戲驛站 | 8-K:遊戲驛站獲得2.5億美元循環信貸
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.已正式終止其信貸協議。該協議最初於2021年11月3日簽訂,涉及威爾斯法高銀行和摩根大通銀行等各種金融機構,爲GameStop提供了一項2.5億美元的基於資產抵押的循環授信設施,同時還設有5000萬美元的搖擺貸款循環子設施,5000萬加元的加拿大循環子設施和2.5億美元的信用證子限額。公司有義務支付總承諾未使用部分的0.25%承諾費用。信貸設施原計劃於2026年11月3日到期,由GameStop自願啓動了終止程序,幷包括終止信貸協議下的所有承諾和義務。在此終止後,GameStop的主要流動資金來源將是其營運現金流和現金儲備。
截至2024年8月27日,GameStop Corp.已正式終止其信貸協議。該協議最初於2021年11月3日簽訂,涉及威爾斯法高銀行和摩根大通銀行等各種金融機構,爲GameStop提供了一項2.5億美元的基於資產抵押的循環授信設施,同時還設有5000萬美元的搖擺貸款循環子設施,5000萬加元的加拿大循環子設施和2.5億美元的信用證子限額。公司有義務支付總承諾未使用部分的0.25%承諾費用。信貸設施原計劃於2026年11月3日到期,由GameStop自願啓動了終止程序,幷包括終止信貸協議下的所有承諾和義務。在此終止後,GameStop的主要流動資金來源將是其營運現金流和現金儲備。
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