Midway Secures New Loan And Revolving Credit Facility

Officials from Midway have announced that the company has completed a new five-year credit agreement which provides a $15 million term loan and a $15 million revolving credit facility with Wells Fargo Foothill. The company intends to use the proceeds of the loan and revolving credit facility for working capital and other general corporate purposes. The facilities are secured by substantially all of the assets of the company. Source: Midway Games