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Article: TDK Mediactive, Inc. Announces $8 Million Credit Facility.
- Article from:
- Business Wire
- Article date:
- April 11, 2001
CopyrightCOPYRIGHT 2001 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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Business Editors
CALABASAS, Calif.--(BUSINESS WIRE)--April 11, 2001
TDK Mediactive, Inc. (OTCBB:TDKM) today reported that it has signed an $8 million loan financing agreement with TDK U.S.A. Corporation. The loan agreement provides working capital for the Company and matures March 2002.
"Mediactive is developing many new titles launching during the summer and the next holiday season," said Vincent Bitetti, chief executive officer of TDK Mediactive. "This financing provides us with significant working capital necessary to complete these titles."
"Although we were able obtain this funding through our major shareholder, the Company will ...
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