This menu shows you other areas of this website and various areas of interest. It is a quick locator.
You are currently in a library. This takes you to the top level of Household - HSBC Watch consumer advocates and watchdogs
This takes you to the complaints library and all recent complaints about HSBC, HFC, Beneficial Finance, and their merchants since 2007
Monitor the latest news about HSBC Plc, HSBC USA, the bank and HSBC Finance Corp from around the world in this watchdog area
See articles, stories, and complaints about HSBC and Household International since 2005 in this interactive library
Submit your complaint to our watchdogs. We perform trend analysis and need your help. Complaints are noted by type and processed
Get help with this one-click form just by entering your zip code in this form. You can even contact the media
You're browsing: Archived News » 2006 HSBC, In the U.S. » Article Title: Atari Defaults on HSBC Loan
25
Jan
Atari Defaults on HSBC Loan
Research

Company’s bumpy financial road hits another pothole

Atari recently revealed that it has defaulted on a loan with HSBC Business Credit Inc. The breach occurred December 31, 2005, when the latest financial quarter ended. However, according to Atari, it was barely using the credit line, for a nominal amount in letters of credit guaranteed in cash.

This is the latest episode in Atari and Infogrames’ (Atari’s parent company) financial woes. Atari secured waivers for a HSBC loan last year and may soon be cut off from that line of credit. This would leave the company on very precarious financial ground.

Popularity: 2% [?]

No related posts.

   Digg   Del.icio.us   StumbleUpon   Reddit   RSS  
Send your report, complaint, or horror story for trend analysis Submit Your Report

Find specific results on any of our sites: Category: 2006 HSBC, In the U.S.
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply

You must be logged in to post a comment.

«
»