THQ seals $75m credit deal
Wednesday, 28th September 2011 at 12:17 pm
Homefront publisher partners with Wells Fargo; Bank of America deal terminated
Publisher THQ has agreed terms on a four-year deal with credit agency Wells Fargo Capital Finance.
The new credit facility grants THQ the ability to borrow up to $50m which is secured on assets. This total increases to $75m during “peak sales periods”.
The publisher’s previous $35m agreement with Bank of America has been terminated.
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