The press release further stated that debtor-in-possession financing of approximately $37.5 million will be provided by Wells Fargo and Clearlake. Looking to the debtor's future, THQ's president Jason Rubin stated, “We look forward to partnering with experienced investors for a new start as we will continue to use our intellectual property assets to develop high-quality core games, create new franchise titles, and drive demand through both traditional and digital channels.”
The creditors with the largest unsecured claims, and the amounts of the claims, follow: Wilmington Trust N.A., $101,902,173; World Wrestling Entertainment Inc., $45,076,041; Yuke's Co. Ltd., $17,771,188; Mattel Inc., $12,750,000; Viacom International Inc., $10,000,000; Jakks Pacific Inc., $4,000,000; Microsoft Licensing Inc., $2,911,684; Starcom MediaVest Group Inc., $2,628,869; Zuffa LLC, $1,928,772; Technicolor, $1,663,127; Pipeworks Software, $1,121,366; Sony Pictures Television, $793,662; Lucasfilm Ltd., $267,105; Acquia, Inc., $251,758; Binari Sonori S.R.L., $244,734; MediaVest Worldwide, $221,536; Transavision Ltd., $184,047; ImaginEngine, $165,057; Mosaic Sales Solutions, $114,370; Frame Machine, LLC, $110,364; Random House Inc., $100,000; Microsoft Ireland Operations Ltd., $97,534; Ms MCC Highland, LLC, $91,176; Machinima, Inc., $80,755; High Voltage Software, Inc., $72,000; WorkforceLogic LLC, $70,826; House of Moves, $65,467; Rokkan, LLC, $62,500; Winking Entertainment Ltd., $51,975; Lieberman Research Worldwide, Inc., $50,000; Media Planning Group USA LLC, $50,000; Deloitte & Touche LLP, $50,000, American International Relocations, $49,786; NBC Universal Television Distribution, $49,294; Games Workshop Ltd., $48,512; Electronic Entertainment Design, $44,000; Oxford Realty & Holding LLC, $42,515; Technicolor, $34,270; JCCE-Palomar, LLC, $34,258; and Hammer Creative, $32,500.
Michael R. Nestor of Young Conaway Stargatt & Taylor, LLP, Wilmington, Del., represents the debtor.
Full text of the Chapter 11 petition is available at: /uploadedFiles/Content/News/Legal_and_Business/Bloomberg_Law/Legal_Reports/THQ(1).pdf
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