Monday, December 28, 2015

Toshiba says to seek new $2.5 billion credit line for restructuring


A man walks past a Toshiba Corp logo displayed on one of its television sets in Tokyo, JapanToshiba Corp , reeling from a $1.3 billion accounting scandal, said it intends to ask for a new 300 billion yen ($2.49 billion) credit line by the end of January to fund a large-scale restructuring. Toshiba is likely to approach its lenders for the new commitment line, a company spokesman said on Tuesday. The Nikkei financial daily earlier said it would likely seek help from banks including Mizuho Bank and Sumitomo Mitsui Banking Corp.


http://ift.tt/1Sk26GJ

Share This Post

.