© Reuters. FILE PHOTO: The logo of Toshiba Corp. is displayed atop of the company’s facility building in Kawasaki, Japan June 24, 2022. REUTERS/Issei Kato
TOKYO (Reuters) – Japan Industrial Partners (JIP), the preferred bidder to buy out Toshiba (OTC:) Corp, is set to sign a loan agreement of about 1.4 trillion yen ($10.62 billion) with lenders some time this week, the Yomiuri newspaper reported on Thursday.
The loans include a commitment line of 200 billion yen, the paper said. Sumitomo Mitsui (NYSE:) Banking Corp and Mizuho Bank would provide about 400 billion to 500 billion yen each, it said.
($1 = 131.8100 yen)
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