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Nidec Is in Talks With MUFG Bank, SMBC to Renew Credit Lines
Source: Bloomberg
Banking & LiquidityCredit & Bond MarketsCompany Fundamentals
Nidec is negotiating with MUFG Bank and Sumitomo Mitsui Banking Corp. to renew committed credit facilities totaling ¥600 billion ($3.8 billion). The renewal discussions indicate maintenance of the company's existing liquidity backstop, with no changes to facility size or terms disclosed.
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