New York - Video game publisher Atari, a unit of France's Infogrames, announced on Thursday that it has secured a $10 million credit facility with BlueBay High Yield Investments, but noted the amount isn't enough to satisfy its funding requirements, and the company will seek additional financing.

Luxembourg-based BlueBay is also a significant shareholder of Infogrames, Atari's majority shareholder. I

n addition to the $10 million credit facility, Bluebay Asset Management also purchased $3 million of loans outstanding from Atari's credit agreement with Guggenheim Corporate Funding.

Atari said in an SEC filing that it will also seek additional financing arrangements, and sales of its assets.

The troubled video game publisher reported a net loss of nearly $70 million in its last fiscal year.

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