Toshiba Memory Holdings refinanced loans from its main financial banks, led by Sumitomo Mitsui, MUFG and Mizuho Bank as part of a capital structure reorganization. The banks led JYP900 billion ($8.32 billion) in new loans and an additional commitment line of JPY1 billion ($92 million) to strengthen the company’s business base.

Toshiba Memory Group is dedicated to the development, production and sales of flash memory and SSDs.