PANews June 12 news, according to Businesswire, video game retailer GameStop (GME.N) announced that the company plans to issue convertible senior notes with a total principal amount of US$1.75 billion to qualified institutional buyers in a private placement, based on market conditions and other factors. GameStop also plans to grant the initial purchasers of the notes an option to purchase up to an additional US$250 million of notes within 13 days (including the date) from the date of the initial issuance of the notes. GameStop intends to use the net proceeds of this offering for general corporate purposes, including investments in a manner consistent with GameStop's investment policy and potential acquisitions.