Published 1 year ago

Toshiba’s preferred bid delayed amid loan uncertainty, sources say

Summary by Ground News

A buyout deal to potentially take Toshiba private is taking longer than anticipated. Banks haven't yet decided whether to extend loans to the company's preferred bidding group. Toshiba had previously set a deadline of Nov. 7 for the financing to be secured. The lenders are reviewing the JIP-led group's plans for Toshiba's business.

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Bloomberg

Toshiba’s Preferred Bid Delayed Amid Loan Uncertainty, Sources Say

A buyout deal to potentially take Toshiba Corp. private is taking longer than anticipated as banks haven’t yet decided whether to extend loans to the company’s preferred bidding group, according to people familiar with matter.

1 year ago·United States

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The Japan Times

Toshiba’s preferred bid delayed amid loan uncertainty, sources say

Banks are considering issuing commitment letters for loans to a consortium led by Japan Industrial Partners and aren’t expected to make a decision until mid-December, later than planned.

1 year ago·Japan

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