Toshiba Corp. Buyout Loan Being Finalized by Banks, Yomiuri Reports
--Banks are finalizing loan terms for a possible buyout of Toshiba Corp. proposed by a group led by Tokyo-based private-equity firm Japan Industrial Partners Inc., Japanese daily Yomiuri reports,... |…
--Banks are finalizing loan terms for a possible buyout of Toshiba Corp. proposed by a group led by Tokyo-based private-equity firm Japan Industrial Partners Inc., Japanese daily Yomiuri reports, citing unnamed sources.
--The total financing would be 1.400 trillion yen ($10.57 billion), including committed credit lines of Y200 billion, while the private-equity firm is arranging a total of Y1 trillion of equity investments, according to the Yomiuri report.
--Sumitomo Mitsui Banking Corp., one of the lenders, plans to send a director to the Toshiba board, Yomiuri says.
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12-22-22 0043ET