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Wednesday, 28 September 2011

THQ Gets More Credit Limit

Wells Fargo Capital Finance has approved a new credit limit for THQ, $50 million, with peak of £75 allowable on hot season. The publisher had a $35 million limit from Bank of America, and this arrangement has now got terminated. Paul Pucino, VP and CGO of THQ was pleased with this new arrangement and informed that it would increase THQ’s capacity to generate cash flow, and would allow better flexibility in the companies strategic actions for growth in future.

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