Toshiba Said to Sign 150 Billion Yen in Syndicated Loans

Toshiba Corp. plans to sign 150 billion yen in syndicated loans, according to three people familiar with the matter, who asked not to be identified because the details are private.

The facility will include a four-year term loan priced 7.5 basis points more than the six-month Tokyo interbank offered rate and a six-year term loan priced at 20 basis points more than six-month Tibor, the people said.

The loans will be arranged by Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc., the people said. The electronics maker will draw on the funds by end of March, they said.