GameStop to Repurchase Senior Debt
Game retailer GameStop announced that its Board of Directors has authorized a $130 million program to repurchase some of the company's debt.
The company will attempt to use these funds to repurchase $130 million of GameStop's Senior Notes, reducing the company's debt burden. This is of interest to gamers in that it indicates GameStop's holiday sales brought in enough profits that the company can improve its financial position.
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