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THQ financial troubles

Posted by newman [Wednesday, 21 November 2012 - 12:05]   No comments

THQ on the recent financial troubles :

"AGOURA HILLS, Calif.--()--THQ Inc. (NASDAQ: THQI) announced today that it has entered into a forbearance agreement with Wells Fargo Capital Finance, LLC. Under the agreement, Wells Fargo has agreed to forbear from exercising its rights and remedies against THQ and its subsidiaries with respect to previous events of default under its credit facility. The period of the forbearance currently extends to January 15, 2013, during which time Wells Fargo has agreed to make additional loans to the company subject to the terms and conditions of the forbearance agreement."


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