Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:
Germany 08/31
Chicago, IL USA, IL 10/19

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
MechWarrior Lawsuit Settled
Life is Strange 2 in September
The Sims 4 Seasons Released
On Sale
Evening Patches
Evening Interviews
Op Ed
Evening Previews
Evening Consolidation
Evening Mobilization
Evening Tech Bits
Evening Legal Briefs
Into the Black
Red Dead Redemption 2 PC Plans?
PUBG Launches Sanhok Map and Event Pass
World of Warcraft Welcome Back Weekend
Black Mesa Status
RESIDENT EVIL 2 Specs
Moodust Portal Demo
Gatherings & Competitions
  

 



footer

Blue's News logo