Sharp (SHCAY.PK) secures ¥360B ($4.6B) of syndicated funding, comprising a ¥180B loan and a...

|About: Sharp Corp. ADR (SHCAY)|By:, SA News Editor

Sharp (SHCAY.PK) secures ¥360B ($4.6B) of syndicated funding, comprising a ¥180B loan and a ¥180B credit facility that will replace an existing ¥150B arrangement. The financing will enable Sharp, which is a crucial supplier for Apple, to meet a deadline at the end of this month to redeem the bulk of ¥360B in commercial paper.