Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
User Settings
LAN Parties
Upcoming one-time events:

Regularly scheduled events

THQ in Default on Credit Line

A THQ SEC Filing (Adobe Acrobat format) reveals more fiscal bad news for the publisher, following a a recent collapse of its stock. The filing reveals THQ is in default on a line of credit from Wells Fargo, leading to a delayed 10-Q filing, and a situation that sounds tenuous at best: "The Company is currently in discussions with Wells Fargo regarding the asserted defaults and believes that it will reach an agreement with Wells Fargo with respect to such defaults. Wells Fargo has continued to fund requests from the Company after September 30, 2012 while Wells Fargo and the Company attempt to reach an agreement. There can be no assurance, however, that the Company will achieve an agreement with Wells Fargo." Thanks nin via Kotaku/Polygon.

Email Digg Facebook Twitter   Share More    


   Current Headlines
Sky Break Released
Steam Top 10
Sunday Crowdfunding Roundup
Sunday Patches
On Sale
Gatherings & Competitions
Sunday Interviews
Sunday Previews
Sunday Consolidation
Sunday Mobilization
Sunday Metaverse
Sunday Safety Dance
Game Reviews
Hardware Reviews
Out of the Blue
Diablo III Season 8 Begins
Gatherings & Competitions
Saturday Consolidation
Saturday Mobilization
Saturday Metaverse



Blue's News logo