
Money from Infogrames shareholder Bluebay Asset Management does still not fulfil requirements
US publisher Atari has entered into a $10 million credit agreement with Infogrames shareholder Bluebay Asset Management, but has added that the loan alone will not be enough to meet its demand throughout the busy Q4 period.
"This revised credit facility is a major step in addressing Atari's liquidity needs and providing financing to support its near term business plan," Atari’s chief restructuring officer Curt Solsvig III stated
A statement from parent company Infogrames added: “The Senior Secured Credit Facility waives and amends certain provisions of the previous Guggenheim Credit Facility, increases the availability to $10 million, eliminates the borrowing base requirements and certain prepayment fees, and extends the maturity of the outstanding borrowings to December 31st 2009.”
Atari has confirmed that it is seeking sources of additional funding.
Advertisement
Comments
Online Pharmacy best pills dfg
http://confluence.public.thoughtworks.org/display/~buy-xanax-no-rx - xanax http://confluence.public.thoughtworks.org/display/~buy-tramadol-no-rx - tramadol http://confluence.public.thoughtworks.org/display/~buy-valium-online - valium http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-ambien-online-without-prescription-buy-ambien-10mg-5mg - ambien http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-xanax-online-buy-xanax-2mg-1mg - xanax http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-fioricet-online-without-prescription-buy-fioricet-cod - fioricet http://connections.blackboard.com/people/50273d6fc2 - tamiflu http://tapestry.formos.com/wiki/display/~buy-tamiflu-winthout-prescription - tamiflu http://boinc.vanderbilt.edu/CSB/view_profile.php?userid=5324 - ambien http://confluence.public.thoughtworks.org/display/~ativan4r5r - ativan http://confluence.public.thoughtworks.org/display/~buy-ambien-without-prescription - ambien
receivables azithromycin thornton swing alley ikyu sink
Leave a Comment
HOT TOPICS
Xbox owners ‘defecting’ to PS3 31
HMV calms Modern Warfare concerns 28
Modern Warfare 2 already pirated? 26
First MW2 pre-orders arrive 16
Activision praises retail and promises fair play on MW2 14
Tesco sells Xbox 360 games for £3.97 10
EA: PES is struggling 9
LittleBigPlanet sequel looks unlikely 7
Activision: 'Guitar Hero as respected as Harley Davidson' 7
Mama takes on Modern Warfare 6
RELATED STORIES
Full-year sales tumble at Infogrames 4
$11.9m loss for Atari in Q1 1
Infogrames: We’re back in business 1
Atari parent dates reverse share split 1
Infogrames offers to buy remaining Atari US stock 1
Atari Inc. appoints new CEO 1
Infogrames’ Gardner predicts stable fiscal year 1
Infogrames reveals SCi bid 3
Infogrames recruits new CFO 1
Atari Inc appoints new SVP of Sales 1
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets














