March 22, 2017 6:20 PM ET

Electronic Equipment, Instruments and Components

Company Overview of 1328158 Ontario Inc

Company Overview

1328158 Ontario Inc. distributes video game accessories. The company is based in Mississauga, Canada. 1328158 Ontario Inc. operates as a subsidiary of Mad Catz Interactive Inc.

5560 Explorer Drive

Mississauga, ON L4W 5M3

Canada

Key Executives for 1328158 Ontario Inc

1328158 Ontario Inc does not have any Key Executives recorded.

1328158 Ontario Inc Key Developments

Mad Catz Interactive, Inc., Mad Catz Inc. and 1328158 Ontario Inc. Enter into Third Amendment to That Loan and Security Agreement

On February 5, 2016, Mad Catz Interactive, Inc. and its subsidiaries Mad Catz Inc. (MCI) and 1328158 Ontario Inc. (MCC), entered into a third amendment to that certain Loan and security agreement between the company, MCI, MCC, the lenders party thereto and NewStar Business Credit LLC (NSBC), dated June 30, 2015. The amendment, which is effective February 5, 2016, resets the EBITDA covenants, as defined, for December 2015 - February 2016, based on revised forecasts, and contains other conditions, including payment of $20,000 amendment fee to NSBC, representations and warranties, and provisions that the company believes are usual and customary for credit arrangements similar to those contemplated by the amendment.

Mad Catz Interactive, Inc. and its Subsidiaries Enter into First Amendment to its Loan and Security Agreement, Effective September 1, 2015

On September 8, 2015, Mad Catz Interactive, Inc. and its subsidiaries Mad Catz Inc. (MCI) and 1328158 Ontario Inc. (MCC), entered into a First Amendment to that certain Loan and Security Agreement between the company, MCI, MCC, the lenders party thereto and NewStar Business Credit LLC (NSBC), dated June 30, 2015. The amendment, which is effective September 1, 2015, provides for the following: adjusts the Borrowing Base of the Loan Agreement, from September 1, 2015 through December 31, 2015, establishes an advance rate for Eligible Rock Band Accounts, as defined, at 81% representing an increase for Eligible Rock Band Accounts from the current advance rate for other Eligible Accounts of 76% (which represents the advance rate of 85% reduced by current dilution); increases the Inventory Sublimit, as defined, from August 31, 2015 through November 6, 2015, from 2.3333 times to 5.55 times; and provides for an additional $1,000,000.00 of availability from September 1, 2015 through September 25, 2015. This amendment was entered into to provide additional working capital to facilitate the launch of the Rock Band 4 video game in early October. The amendment contains other conditions, including payment of a $20,000 amendment fee to NSBC, representations and warranties, and provisions that the company believes are usual and customary for credit arrangements similar to those contemplated by the amendment.

Similar Private Companies By Industry

Company Name Region
1293551 Ontario, Inc. Americas
4Deep inwater imaging Inc. Americas
9168-1478 Quebec Inc. Americas
ABACOM Technologies, Inc. Americas
Access Cash General Partnership Americas

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 15, 2016
Mad Catz, Certain Assets of its Simulation Business
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact 1328158 Ontario Inc, please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.