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Toshiba Adds $3.3 Billion Credit Line After Accounting Probe

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Toshiba Corp. added a 400 billion yen ($3.3 billion) credit commitment with banks amid uncertainty about the eventual costs for an accounting scandal that has already led to more than $1.3 billion in cuts to reported profit.

The agreement has a two-year term and brings the total loan facility to 762 billion yen, the company said Wednesday in a statement. Toshiba didn’t disclose the cost of the new credit line and said it will supplement the liquidity of cash reserves.