Toshiba (6502) - Funding Possibly Re-Secured, Deal Possibly In Play,

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Pan-Asia Catalysts/Events, Quiddity Advisors

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Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>A Bloomberg <a href="https://www.bloomberg.co.jp/news/articles/2023-02-24/RQ0E9ADWLU6801" target="_blank" rel="noopener">article</a> out Friday evening suggests the JIP Consortium funding plan submitted as the final package to <a href="https://www.smartkarma.com/entities/toshiba-corp" target="_blank" data-smartkarma-citation="entities:637:1" rel="noopener">Toshiba Corp (6502 JP)</a> is no longer secure.</li>
<li>Apparently <a href="https://www.smartkarma.com/entities/orix-corp" target="_blank" data-smartkarma-citation="entities:9936:1" rel="noopener">Orix Corp (8591 JP)</a>, which with <a href="https://www.smartkarma.com/entities/rohm-co-ltd" target="_blank" data-smartkarma-citation="entities:2953:1" rel="noopener">ROHM Co Ltd (6963 JP)</a> was planning to invest equity and pref for total ¥300bn, wants to lower its investment to ¥200bn.</li>
<li>Other equity tranche participants apparently want to reduce exposure as well. </li>
</ul>


A Bloomberg article out Friday evening suggests the JIP Consortium funding plan submitted as the final package to Toshiba Corp (6502 JP) is no longer secure.
Apparently Orix Corp (8591 JP), which with ROHM Co Ltd (6963 JP) was planning to invest equity and pref for total ¥300bn, wants to lower its investment to ¥200bn.
Other equity tranche participants apparently want to reduce exposure as well. 


Toshiba (6502) - Funding Unsecured!  (This Is Getting To Be a Habit)