THQ seals $75m credit deal

Homefront publisher partners with Wells Fargo; Bank of America deal terminated
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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.

MCV has the full story

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