Infinium agrees $50 million credit line

Broadband game delivery proponent Infinium Labs has announced that it has secured a $50 million credit facility from an institutional investor, replacing a previously announced financing deal for $44 million. The new deal, which has been arranged by Infinium advisor HPC Capital Management, was welcomed by Infinium CEO Timothy Roberts, who said that it is "less dilutive to shareholders, provides better terms and is a better fit for the company's capital and budgetary needs."

Securing a credit line for the company is an important step as it moves towards the US launch of the Phantom Game Service on November 18th. Subscribers to the service will receive a free Phantom Game Receiver console, which is used to access game content over the broadband network.

News source: gamesindustry.biz

Report a problem with article
Previous Story

Play Halo 2 This Week

Next Story

Apple settles Rendezvous trademark dispute

0 Comments - Add comment