Toshiba's Westinghouse seeks U.S. bankruptcy financing - sources

Toshiba's Westinghouse seeks U.S. bankruptcy financing - sources
 

Westinghouse Electric Co LLC, the nuclear power plant developer owned by Japanese electronics company Toshiba Corp (6502.T), is taking offers for a financing package to help it go through U.S. bankruptcy, people familiar with the matter said on Monday.
Toshiba is reviewing proposals from financial institutions and investment firms about a so-called debtor-in-possession loan, which would carry the company through a potential bankruptcy, said two people familiar with the situation. The size of this financing package is expected to exceed $500 million, the people added.
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20 March 2017 in Business, Views: 48
Source: Reuters
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