Lenders eye $1 billion credit line for Sharp: Nikkei
(Reuters) – Mizuho Corporate Bank and Bank of Tokyo-Mitsubishi UFJ are considering a roughly 100 billion yen ($1 billion) credit facility to help electronics manufacturer Sharp Corp meet an upcoming bond redemption, the Nikkei said. The banks are close to creating a credit line to ensure that Sharp can meet redemption requests for roughly 200 billion yen in convertible bonds maturing in September, the Japanese daily said. In addition, the lenders will give Sharp an extension on 360 billion yen in collateralized lending that matures in June. . . .
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