Toshiba is trying to get new loans on security of shares

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POSTER: computer news   ||   TOSHIBA IS TRYING TO GET NEW LOANS ON SECURITY OF SHARES	DATE:2017-04-05
Toshiba was inspired by the prospect of the business division for the production of solid-state memory, which has already been approved by the shareholders' meeting, and is now trying to negotiate with new creditors about new loans secured by equity stakes in the newly created company.   Now Toshiba expects to borrow up to $ 2.7 billion, leaving as security for the loan shares of the company being separated, which is engaged in the issuance of NAND-type memory.  These plans have already provoked discontent from Toshiba's small creditors, as large creditors will get more liquid assets as collateral.  In addition, this initiative suggests that Toshiba is going to sell only part of the assets associated with memory production  .  Under the remaining, it will make new loans.  Creditors must take their decision before April 14. Related Products :

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