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THQ to offer $90 million of notes
Tuesday, July 28, 2009 5:56 PM


(Source: Associated Press/AP Online)trackingAGOURA HILLS, Calif. - Video game publisher THQ Inc. said Tuesday it plans to offer $90 million of convertible senior notes.

The notes would be due in 2014 and are to be offered and sold to qualified institutional buyers, the company said. The offer includes an overallotment option to buy another $10 million of notes.

THQ plans to use the proceeds for general corporate purposes.

Shares fell 74 cents, or 8.8 percent, to $7.67 in after-hours trading, following the company's earnings report. The stock had closed the regular session up 9 cents at $8.41.

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