Ron Burgundy Posted January 6, 2017 Share Posted January 6, 2017 Toshiba Corp plans to meet with creditor banks on Tuesday to explain how it is addressing a massive charge the company says it must take on its U.S. nuclear business, two bankers briefed on the meeting said. Toshiba officials could not immediately be reached for comment. Syndicated loans could be endangered because credit-ratings downgrades put Toshiba in violation of loan covenants, the bankers said, adding that it was routine for them to grant a waiver in such a case to avoid a funding crisis. View the full article Quote Link to comment Share on other sites More sharing options...
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