Toshiba Memory Holdings Reorganizes Capital Structure

Refinancing loans from financial banks and issuing non-convertible-bond-type preferred stock as a third-party allotment to Development Bank of Japan

This is a Press Release edited by StorageNewsletter.com on June 19, 2019 at 2:26 pm

Toshiba Memory Holdings Corporation reorganized its capital structure.

The company refinanced loans from its main financial banks and issued non-convertible-bond-type preferred stock as a third-party allotment to Development Bank of Japan Inc., aiming to further strengthen its business base.

Toshiba Memory Holdings used the proceeds of the issuance to redeem all non-convertible-bond-type preferred stock that it issued in June 2018. Going forward, the company will continue to implement disciplined investments targeting growth and aims to increase its enterprise value under the new capital structure.

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