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Submitted by Chris Leyton on November 21 2007 - 12:12

US publisher secures additional credit facility and re-confirms a spring release...

Despite the rumours of a further delay to Rockstar Games' GTA IV, Take-Two today continued to stand by its fiscal second quarter release (Feb-Apr) period as parent company Take Two announced a five-year, senior secured revolving credit facility to the sum of $140 million.

The agreement marks a $40 million increase from the previously obtained credit from Wells Fargo Foothill Inc., and allows for borrowings of up to $25 million in the UK. The credit facility will be used to fund working capital, capital expenditures, and for other general corporate purposes, and is secured primarily by the publisher's US and UK assets.

"Our credit facility will support our periodic working capital needs during the busy holiday season and beyond," said Ben Feder, Chief Executive Officer of Take-Two. "We look forward to further strengthening our financial position with the release of our solid 2008 product slate, including Grand Theft Auto IV in our fiscal 2008 second quarter."

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By: SegaBoy

Added:Fri 13th Nov 2009 23:46, Post No: 510

Score: +1

Ummmm... it is on a disc!!!  Rockstar released both episodes on one disc called 'Episodes from Liberty City' !?!


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By: Anonymous

Added:Fri 13th Nov 2009 22:41, Post No: 509

Score: -11

I don't CARE about downloadable content.  Put it on disc or don't put it out at all.


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By: Anonymous

Added:Wed 11th Nov 2009 21:51, Post No: 508

Score: -2

lol how many more disgruntled ps3 owners will bi.t.ch and maon there not getting the DLC lol maybe microsoft shold do the same again for the next GTA game lol just to pi.s.s o.ff the ps3 fanboys and there exclusive games.

oh and polyphony digital will be charging £50 plus for GT5 as its cost them over $61 billion in development costs so far if the games flops and doesnt sell more than hmmm 30 million copys then i guess its bye bye exclusivity and hello multiformat GT5


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By: Anonymous

Added:Fri 30th Oct 2009 20:53, Post No: 507

Score: -1

[#@!?] microsoft


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By: Anonymous

Added:Sat 24th Oct 2009 18:44, Post No: 506

Score: -2

haha microsft payed rock star 50 million for the dlc to be xbox 360 exclusive owned ps3 and pc owners


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By: Anonymous

Added:Mon 19th Oct 2009 22:53, Post No: 505

Score: -1

[#@!?] That [#@!?]! [#@!?] [#@!?]! i gate microsoft! why cant it come to ps3! and before you guys say anything! i did have a xbox , i acutually had it 4 times , everytime broken! cause microsoft Sucks!!!!!!!


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By: Anonymous

Added:Tue 13th Oct 2009 00:47, Post No: 504

Score: -1

first of all ps3 sucks.... PC is good and i feel your pain im sorry that they couldn't give this DLC to you...XBOX 360 KICKS A** SO GO GET ONE!


By: cool mohamed

Added:Mon 12th Oct 2009 20:28, Post No: 503

Score: 0

hello iam cool mohamed iam new


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By: Anonymous

Added:Sat 03rd Oct 2009 21:20, Post No: 502

Score: 0

lol am i only joined by a few people that actually read about the exclusive DLC ms paid for before the game came out, im sure pc and ps3 owners to ignorent to actually read about microsofts exclusive rights for DLC on the 360 and the amount of money they shelled out for it and yet ps3 and pc owners still dont get it, 

here ill make it simple ms payed for exclusive DLC before the games release exclusivly on xbox 360 only if sony had come up with an offer better than ms im sure it would have been 360 and pc owners complaining about DLC but the fact is it was announced months before the games release and you only have your sefs to blame for buying it and expecting DLC that isnt comming out on the ps3/pc.


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By: Anonymous

Added:Sat 03rd Oct 2009 19:39, Post No: 501

Score: 0

u guys are to poor to buy a freaken ps3 or xbox 360 to even play the game.......... all u want it for is so u could do mods on the PC u lazy *%@#s


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