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Article: Brilliant Digital Entertainment Secures Standby Financing Package.
- Article from:
- Business Wire
- Article date:
- December 10, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES--(BUSINESS WIRE)--Dec. 10, 1998--
Provides Brilliant with Improved Control Over Access To
Future Funding
Brilliant(TM) Digital Entertainment, Inc. (AMEX:BDE), a leading interactive entertainment content and tools developer, today announced that it has secured a standby financing package. The financing package is structured to provide Brilliant Digital control in determining when and if funding is accessed. The financing structure was undertaken by Brilliant Digital to provide backup working capital support. At September 30, 1998, Brilliant Digital had $5.4 million in cash.
The financing package consists of the ...