--Banks are finalizing loan terms for a possible buyout of Toshiba Corp. proposed by a group led by Tokyo-based private-equity firm Japan Industrial Partners Inc., Japanese daily Yomiuri reports, citing unnamed sources.

--The total financing would be 1.400 trillion yen ($10.57 billion), including committed credit lines of Y200 billion, while the private-equity firm is arranging a total of Y1 trillion of equity investments, according to the Yomiuri report.

--Sumitomo Mitsui Banking Corp., one of the lenders, plans to send a director to the Toshiba board, Yomiuri says.


Full story: https://www.yomiuri.co.jp/economy/20221222-OYT1T50100 (Japanese)


Write to Kosaku Narioka at kosaku.narioka@wsj.com


(END) Dow Jones Newswires

12-22-22 0043ET