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Game Developer Acclaim to Raise Funds in Private Offering

Authored by Mark Hefflinger on October 2, 2003 - 5:21am.
Glen Cove, N.Y. -- Video game developer and publisher Acclaim Entertainment announced on Thursday that it expects to shortly complete a financing through the sale of its convertible subordinated promissory notes, to a limited group of private investors. Acclaim did not say how much it intends to raise through the sale, but said the proceeds will be added to the company's working capital and used for general corporate purposes. New York-based Acclaim this week also announced the repayment of a $5 million loan from its lender GMAC.
http://biz.yahoo.com/prnews/031001/nyw177_1.html 
http://www.acclaim.com
tags: Funds | Game Developer | Offers | Acclaim |

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