Sharp takes out $4.6 billion loan while it continues restructuring

Much of the business news out of Japan from Sharp hasn't been good, but for now at least it's worked out a loan agreement to keep rolling. It's still pursuing a deal with manufacturer Hon Hai Precision Industry / Foxconn that would provide a much-needed injection of capital, but those talks have reportedly stalled. Until something happens there it has a 360 billion yen ($4.6 billion) syndicated loan worked out with a couple of Japanese banks that runs until June 30th 2013.

Engadget , Sharp takes out $4.6 billion loan while it continues restructuring, Sharp takes out $4.6 billion loan while it continues restructuring