Anthem Sports & Entertainment yesterday issued a press release officially announcing the settlement with Billy Corgan over the unpaid TNA loans. With this agreement, the former TNA President agreed to dismiss his lawsuit against Impact Ventures.

Anthem Executive Vice President Ed Nordholm said, “We are pleased to conclude these arrangements with Mr. Corgan. The events leading to litigation were unfortunate but also reflected all parties’ desire in good faith to support the company.”

Corgan said that he’s pleased with the agreement in place that will allow wrestling operations to continue. “For my interest from the start was to provide support, be it material or creative, to such a great roster and crew. And as I plan on continuing in the business side of pro wrestling, I look forward to seeing where Anthem’s leadership takes the company in 2017, and wish them the best.”