U.S. Bankruptcy Judge Mary F. Walrath in the U.S. Bankruptcy Court in the District of Delaware provided interim approval for THQ to use $6.5 million of its $37.5 million debtor-in-possession (DIP) loan, a Bloomberg article said.

The financing will be used while the company determines a plan to sell its assets to Clearlake Capital Group for approximately $60 million. A hearing is slated for January 4 to approve the full DIP financing as well as the sales process, the article said.

To read the Bloomberg article in its entirety, click here.

Previously on abfjournal.com:

THQ Secures Asset Purchase Agreement With Clearlake Affiliates, Thursday, December 20, 2012