Toshiba lines of credit for Westinghouse purchase approved

ByRod 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.

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Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

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