Atari secures $15 million credit facility

The news comes following the news that the firm has offloaded another of its assets, selling Melbourne House to Krome Studios. It has also suggested to shareholders that it carry out a reverse stock-split to retain its NASDAQ listing.

Now Atari has entered into a new agreement with Guggenheim Corporate Funding, giving it a three-year secured revolving credit facility.

“The Guggenheim facility provides Atari with the working capital flexibility to support our day-to-day operations,” said president and CEO David Pierce. “Guggenheim is a prestigious financial partner and Atari looks forward to building on this partnership as we continue to execute on our strategy.”

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