Daily News: June 18, 2019

MUFG, Others Support Toshiba Memory Capital Structure Reorg

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.