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Wells Fargo has declared a THQ (THQI -3%) credit facility to be in a state of default, the...

Wells Fargo has declared a THQ (THQI -3%) credit facility to be in a state of default, the deeply troubled game developer disclosed in its FQ2 10-Q. Wells considers THQ's current borrowings under the facility greater than what the company can support in its current financial situation. In response, THQ has repaid $5.6M of the $21.1M that was borrowed through the facility, and has entered discussions with Wells regarding the matter.
Comments (1)
  • TPBennett
    , contributor
    Comment (1) | Send Message
     
    What is the next step? Is THQ stilla good buy?
    15 Nov 2012, 02:13 AM Reply Like
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