M'bishi Motors to get Y56 bln syndicated loan-paper

Newswire

TOKYO, Nov 27 (Reuters) - Struggling Mitsubishi Motors Corp. will obtain a 56 billion yen ($485.2 million) syndicated loan from a group of financial institutions led by Bank of Tokyo-Mitsubishi, the Nihon Keizai business daily reported on Monday. It will be the auto maker's first large-scale fund-raising since January 2005 when the Mitsubishi group took the lead in helping it restructure after DaimlerChrysler AG decided to end financial assistance amid a massive recall scandal, the paper ...

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