$GameStop (GME.US)$ ** Video game retailer GameStop's shares fall 11.7% to $19.19 premarket
** Company says it will exchange about $1.4 bln of convertible notes for Class A common shares in privately negotiated deals with existing noteholders
** Exchange includes about $400 mln of notes due in 2030 and $1 bln of notes due in 2032 - GME
** GameStop says the deal will eliminate about $1.4 bln of long-term debt without using cash, though GME will receive no cash proceeds
** The deal is expected to close around September 23; the number of shares will depend partly on GameStop's average volume-weighted price over 35 trading days from August 3
** Up to last close, the stock has risen ~8.2% in the last 12 months
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