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Thursday 04 November 2021 11:19 am  |  Updated:  Thursday 04 November 2021 4:21 pm

GameStop gets new $500m asset-based credit facility

By: Leah Montebello

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Gamestop Stock Trading Halted During Day Due To Volatility
Getty Images

Videogame retailer GameStop Corp said on Thursday it entered into a new $500m global asset-based revolving credit facility with a syndicate of banks.

GameStop is best known as the “meme stock”, which surged last year after Reddit users encouraged users to buy its shares.

More to follow…

Read more

Gamestop makes $56bn play for Ebay to take fight to Amazon

A Gamestop branch seen in Munich, Germany on March 4 2021. (Photo by Alexander Pohl/NurPhoto via Getty Images)

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