Renesas (RNECY.PK) secures ¥161B ($2.1B) in syndicated two-and-a-half year loans from four Japanese banks. The cash-strapped company, the worlds largest provider of microcontroller chips used in cars, also obtains another ¥97B in financing from the banks and from its major shareholders. The loans could put paid to KKR's (KKR) hopes of buying Renesas.
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