Take-Two gets $100 million revolver

By Sara Rosenberg

New York, July 9 - Take-Two Interactive Software Inc. closed on a new $100 million five-year senior secured revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission Monday.

Wells Fargo Foothill, Inc. acted as the lead bank on the deal, which was completed on July 3.

Pricing on the revolver can range from Libor plus 175 to 225 basis points, based on liquidity.

Proceeds will be used to fund working capital, capital expenditures and for other general corporate purposes.

Security is the company's U.S. assets.

Take-Two is a New York-based developer, marketer, distributor and publisher of interactive entertainment software games.

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