Atari secures 15 million dollar revolving credit facility

Pac Man - Atari

In an even bigger attempt to get back on track, game giant Atari has secured a US $15 million revolving credit facility. Despite sounding like a brand new US $15 administrative building which has the ability to move, it’s actually something a lot more boring, but also something which could secure the future of Atari and see a lot more titles coming from the guys that brought you classics like Pac Man as well as a long run of classic home videogame console.

According to our source, “Revolving credit involves a customer paying a commitment fee in order to use the funds as necessary”. Atari are paying a company called Guggenheim Corporate Funding to use their credit facility to fund its current and “reasonably foreseeable future” capital requirements.

In English, it means that Atari will have up to $15 million worth of credit available to them should they need it in order to develop bigger, better games for a developing games industry. With that large amount, we sure can expect equally humongous games coming from this company in the future.

Via NextGen.biz

Pac Man - Atari

In an even bigger attempt to get back on track, game giant Atari has secured a US $15 million revolving credit facility. Despite sounding like a brand new US $15 administrative building which has the ability to move, it’s actually something a lot more boring, but also something which could secure the future of Atari and see a lot more titles coming from the guys that brought you classics like Pac Man as well as a long run of classic home videogame console.

According to our source, “Revolving credit involves a customer paying a commitment fee in order to use the funds as necessary”. Atari are paying a company called Guggenheim Corporate Funding to use their credit facility to fund its current and “reasonably foreseeable future” capital requirements.

In English, it means that Atari will have up to $15 million worth of credit available to them should they need it in order to develop bigger, better games for a developing games industry. With that large amount, we sure can expect equally humongous games coming from this company in the future.

Via NextGen.biz

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