This excerpt taken from the GME 8-K filed Feb 7, 2008.
Item 8.01 Other Events.
On February 7, 2008, the Company announced that its Board of Directors had authorized an additional $130,000,000 for the buyback of the Company’s 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. The press release is attached hereto as Exhibit 99.1.
This excerpt taken from the GME 8-K filed Jul 5, 2007.
Item 8.01. Other Events.
On June 28, 2007, the Company issued a press release announcing that its Board of Directors had authorized the redemption of all $120 million of the outstanding bonds remaining under its and GameStop, Inc.'s Senior Floating Rate Notes due 2011. The Notes are redeemable by the Issuers beginning on October 1, 2007.
The Company expects to incur a one-time pre-tax charge of approximately $3.8 million in the third quarter of 2007 associated with the redemption, which represents the $2.4 million premium paid to bondholders to redeem the remaining bonds and $1.4 million of deferred financing costs.
The terms and conditions of the Notes permit the Issuers to unconditionally redeem all of the Notes at a redemption price of 102% plus accrued and unpaid interest up to and including the date fixed for redemption. The expected date for redemption by the Issuers is October 1, 2007.
Formal notice of the redemption will be made to bondholders in accordance with the terms of the Notes, with such notice to be mailed at least 30 days but no more than 60 days before the redemption date.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.