GameStop Corp. Announces Commencement of Exchange Offer for Senior Floating Rate Notes and Senior Notes and $100,000,000 Note R
May 18 2006 - 8:35AM
Business Wire
GameStop Corp. (NYSE:GME)(NYSE:GME.B) announced today the
commencement of the exchange offer of its and GameStop, Inc.'s
$300,000,000 Senior Floating Rate Notes due 2011 and $650,000,000
8% Senior Notes due 2012, each registered under the Securities Act
of 1933, as amended, for all of its and GameStop, Inc.'s
outstanding $300,000,000 Senior Floating Rate Notes due 2011 and
$650,000,000 8% Senior Notes due 2012 sold on September 28, 2005
pursuant to Rule 144A and Regulation S under the Securities Act of
1933, as amended. The exchange offer will expire at 5:00 p.m. New
York City time on June 16, 2006, unless extended. The company also
announced today that its Board of Directors has authorized the
buyback of up to an aggregate of $100,000,000 of its Senior
Floating Rate Notes and Senior Notes. The timing and amount of the
repurchases will be determined by the company's management based on
their evaluation of market conditions and other factors. In
addition, the repurchases may be suspended or discontinued at any
time. This press release does not constitute an offer to sell or a
solicitation of an offer to buy any notes or any other securities,
nor will there be any sale of the notes or any other security in
any jurisdiction in which such an offer or sale would be unlawful.
About GameStop Corp. Headquartered in Grapevine, TX, GameStop Corp.
(NYSE:GME)(NYSE:GME.B) is the world's largest video game and
entertainment software retailer. The company operates 4,565 retail
stores across the United States and in fourteen countries
worldwide. The company also owns two e-commerce sites, GameStop.com
and EBgames.com, and Game Informer(R) magazine, a leading
multi-platform video game publication. GameStop Corp. sells new and
used video game software, hardware and accessories for next
generation video game systems from Sony, Nintendo, and Microsoft.
In addition, the company sells PC entertainment software, related
accessories and other merchandise. General information on GameStop
Corp. can be obtained at the company's corporate website:
http://www.gamestop.com/investor-relations/. Safe Harbor This press
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such
statements include, but are not limited to, the company's plans,
objectives, expectations and intentions and other statements that
are not historical facts. Such statements are based upon the
current beliefs and expectations of GameStop's management and are
subject to significant risks and uncertainties. Actual results may
differ from those set forth in the forward-looking statements.
Factors that could cause GameStop's results to differ materially
from those described in the forward-looking statements can be found
in GameStop's Annual Report on Form 10-K for the fiscal year ended
January 28, 2006 filed with the SEC and available at the SEC's
Internet site at http://www.sec.gov.
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