Gamestop Secures New $500 Million Abl Facility With Improved Liquidity And Terms
Amount Raised
$500 Million
Round Type
Funding Round
GrapevineOtherGamingRetailVideo GamesDescription
GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has entered into a new $500 million global asset-based revolving credit facility (“ABL Facility”) with a syndicate of banks. The new five-year ABL Facility, which was oversubscribed, replaces the Company’s existing $420 million facility due in November 2022. In addition to delivering enhanced liquidity, the new ABL Facility provides for reduced borrowing costs, lighter covenants and more flexibility
Quick answer
GameStop raised $500 Million in a Funding Round round, dated November 4, 2021. GameStop is based in Grapevine, Texas, United States.
- How much did GameStop raise?
- GameStop raised $500 Million in a Funding Round round on November 4, 2021.
- What does GameStop do?
- GameStop Corp. is a videogame retailer facing management shakeups and financial challenges, with a reported quarterly miss and a 48% stock decline in the past 12 months.
- Where is GameStop based and how big is it?
- GameStop is based in Grapevine, Texas, United States. Fundz records about 10,750 employees.
- Who are the decision-makers at GameStop?
- Fundz holds 2 contacts at GameStop, including the Director, Video Game Merchandising. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Gaming and Retail around the same time
Companies in the same sectors as GameStop that raised within 45 days of this round, from Fundz verified event records.
- Target Corporation raised an undisclosed amount on November 24, 2021.
- Inworld AI raised $7M (Seed) on November 8, 2021.
- Frnd raised $6.5M (Funding Round) on December 19, 2021.
- Gaming Collective, Inc. raised $500K (Seed) on December 17, 2021.
- Academy Sports + Outdoors raised $3.9M (Seed) on December 17, 2021.
- Mistplay raised an undisclosed amount on December 10, 2021.
Who to call at GameStop, and when
A new round usually means GameStop is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day GameStop raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at GameStop, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at GameStop. With Fundz connected, it knows.
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Fundz sees it the moment GameStop raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
GameStop raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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