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

Apr 4, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

TOKYO (Reuters) – Toshiba Corp asked creditor banks for a new loan and offered as collateral a stake in its memory chip unit that is being split off, sources said, underlining the firm’s growing financial woes as it braces for a multi-billion dollar loss.