MUFG, SMBC to renew JPY600 billion credit lines for scandal-hit Nidec

T2Covered by 1 source · first reported by JP/KR/TW: Korea Herald / Taipei Times / DigiTimes at 05 Nov, 02:39 UTC

Mitsubishi UFJ Financial Group's MUFG Bank and Sumitomo Mitsui Financial Group's Sumitomo Mitsui Banking (SMBC) plan to renew a combined JPY600 billion (approx. US$3.8 billion) in credit facilities for Nidec through November 2027, providing financial support as the Japanese electric motor maker…

Sources

• T2MUFG, SMBC to renew JPY600 billion credit lines for scandal-hit NidecJP/KR/TW: Korea Herald / Taipei Times / DigiTimes05 Nov, 02:39