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Atomic Insights

Atomic energy technology, politics, and perceptions from a nuclear energy insider who served as a US nuclear submarine engineer officer

Toshiba lines of credit for Westinghouse purchase approved

September 9, 2006 By Rod Adams

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.

Filed Under: Uncategorized

About Rod Adams

Managing member at Nucleation Capital, LP.
Atomic energy expert with small nuclear plant operating and design experience. Financial, strategic, and political analyst. Former submarine Engineer Officer. Founder, Adams Atomic Engines, Inc. Host and producer, The Atomic Show Podcast. Resume available here.

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