Toshiba seeks new loan, offers memory chip unit stake as collateral: sources

(Reuters) The TVs-to-construction Japanese conglomerate expects to book a net loss of about $9 billion for the year ended March, due to a writedown related to cost overruns at its U.S. nuclear unit Westinghouse that recently went bankrupt.

The company did not say how much it was looking for in new loans, most of the sources said. But one source said Toshiba may seek a new loan worth around 300 billion yen ($2.7 billion).

Source: By Taiga Uranaka, Reuters

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