Deals
Toshiba Said to Offer Equity, Real Estate as Loan Collateral
- The company asks for loan extensions through the end of April
- Main lernders pledge their continued financial support
Toshiba Grapples With Westinghouse Writedown
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Toshiba Corp. is offering stock holdings and real estate as collateral to lenders as it seeks additional financial support amid multi-billion losses in its U.S. nuclear business, according to people familiar with the matter.
The Tokyo-based company met with banks Wednesday afternoon and made the offer as it requested loan extensions through the end of April, said the people, asking not to be identified because the talks are private. Toshiba’s three main banks said they plan to continue their financial support, the people said. Shares fell 0.6 percent to 187.9 yen in Tokyo on Thursday.