Consumer & Retail | Corporate Finance Advisory

Acclaim Completes Senior Financing

  • Acclaim Entertainment, Inc. (NASDAQ:AKLM) is a $250 million revenue developer and publisher of interactive entertainment software
  • Acclaim’s senior lender required a deposit by two of Acclaim’s senior officers as collateral for an amendment that would provide for additional availability
  • TM Capital was retained by a committee of the Board of Directors of Acclaim regarding the placement of the deposit which enabled the company to amend its $30 million credit agreement
  • TM Capital also provided a fairness opinion to the committee in connection with the consideration Acclaim’s executive officers received in connection with the deposit

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