Toshiba's preferred bidder JIP to seal $10.6b loan deal this week: report

Toshiba's preferred bidder JIP to seal $10.6b loan deal this week: report

Toshiba logos are pictured at a venue of Toshiba Corp's annual general meeting with its shareholders in Tokyo, Japan, June 25, 2021. REUTERS/Kim Kyung-Hoon/File Photo

Japan Industrial Partners (JIP), the preferred bidder to buy out Toshiba Corp, is set to sign a loan agreement of about 1.4 trillion yen ($10.6 billion) with lenders this week, the Yomiuri newspaper reported on Thursday.