Toshiba's preferred bidder moves closer to securing takeover financing – sources

) Corp is close to securing financing from banks, three people familiar with the matter said. The specific restructuring steps proposed by JIP have been secured by a group of lenders, including Toshiba’s main bank, Sumitomo Mitsui (NYSE: 137SMFG) Banking Corp and Mizuho Bank Ltd were more confident about JIP’s post-acquisition plans, said two of the people who had direct knowledge of the financing discussions.