الثلاثاء، 29 ديسمبر 2015

Toshiba is seeking $ 2.5 billion for restructuring





Toshiba said the company, which suffers from an accounting scandal amounted to $ 1.3 billion, it plans to request a new credit facility worth 300 billion yen ($ 2.49 billion) by the end of January to finance the restructuring of large-scale operation.

A spokesman for the company was likely on Tuesday that Toshiba approaching its creditors in order to line the new obligations. The Nikkei financial newspaper had said earlier that he is likely to ask the company to help banks, including the Bank "Mizuho" Mizuho Foundation, "Sumitomo Mitsui" Sumitomo Mitsui Banking.

The move comes after Toshiba included in the September / September last $ 400 billion yen, then they give the company a safety net on a larger scale, as part of its efforts to recover from the scandal inflate its earnings by about 155 billion yen over the nearly seven years.

And it reduced the agency "Moody's" Moody's credit rating to the newly Toshiba case to "junk", and put the Tokyo Stock Exchange Toshiba shares in a private place to see if it can improve the internal controls. Two steps Tassaban on the company to raise funds through debt or new shares.

Toshiba had said last week it lay off 6,800 employees in the consumer electronics sector, the total number of Sarhth the company to rise to more than 10,000, also said it expects to record losses this year worth $ 4.5 billion.

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