The latest update is out from GameStop (GME).
GameStop Corp. secured a $250 million asset-based credit facility back in November 2021, which was set to mature in 2026, with additional sub-facilities and a letter of credit sublimit. However, in August 2024, the company decided to voluntarily terminate this credit arrangement, including all related commitments. Post-termination, GameStop’s liquidity will rely primarily on its operational cash flow and existing cash reserves.
For detailed information about GME stock, go to TipRanks’ Stock Analysis page.
