Dossier
convertible debt
Coverage of convertible debt in the Nexus archive.
- GameStop is swapping $1.4 billion in convertible debt for stock, sending shares lower
GameStop is exchanging $1.4 billion in convertible debt for stock without using cash, though the company's shares declined in premarket trading. The move aims to cancel outstanding notes but has been met with a negative market reaction.
- Strategy taps cash reserve to retire $1.5 billion in convertible debt
The company is using its cash reserves to retire $1.5 billion in convertible debt, a move that could strengthen its financial position by reducing liabilities.