Toshiba lines of credit for Westinghouse purchase approved
I noticed the following brief comment about Toshiba’s Westinghouse purchase in an article on Bloomberg.com titled Japan’s Bank Lending Gains, Fueled by Company Demand (Update3).
Toshiba, Japan’s biggest nuclear reactor supplier by generating capacity, obtained agreements in July to borrow as much as 400 billion yen ($3.4 billion) to finance its purchase of Westinghouse Electric Co. The credit line agreements, from two groups of lenders led by Sumitomo Mitsui Banking Corp. and Mizuho Corporate Bank Ltd., are expected to be completed by the end of this month and effective until December.
