Toshiba bidder JIP set to secure $10.6b bank loan

Toshiba bidder JIP set to secure $10.6b bank loan

FILE PHOTO: The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato/File Photo

Top Japanese banks have agreed to issue letters this week committing to a 1.4 trillion yen ($10.60 billion) loan to back a Japan Industrial Partners-led consortium’s takeover offer for Toshiba, Bloomberg News reported on Tuesday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter