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Toshiba's Westinghouse seeks US bankruptcy financing: sources
Size of package for nuclear power plant developer is expected to exceed US$500 million, they add
Add BT as a preferred sourcePublished Tue, Mar 21, 2017 · 09:50 PM
New York
WESTINGHOUSE Electric Co LLC, the nuclear power plant developer owned by Japanese electronics company Toshiba Corp, is taking offers for a financing package to help it go through US bankruptcy, people familiar with the matter said on Monday.
Toshiba is reviewing proposals from financial institutions and investment firms about a so-called debtor-in-possession loan, which would carry the company through a potential bankruptcy, said two people familiar with the situation.
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