- In effort to obtain debt refinancing, Toshiba (TOSBF, TOSYY) is alleged to have proposed stakes in its memory-chip unit, as well as in other business segments while putting up real estate as collateral amid increasing complications primarily stemming from an expected $6.3B write-down of its Westinghouse nuclear operation.
- Creditors responses are cited to have been requested by March 24, though some bank officials are noted to have expressed frustration with the intentions, preferring instead funds be paid back directly.