Politics
Godiva Japan Lenders Said to Agree on Nine-Month Loan Extension
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Godiva Japan Lenders Said to Agree on Nine-Month Loan Extension Lenders to Godiva Japan Inc. have agreed to extend by nine months the maturity of about ¥75 billion ($463 million) in loans to the struggling luxury chocolate maker, people familiar with the matter said. A group of about 25 lenders including MUFG Bank Ltd. and Sumitomo Mitsui Banking Corp. will postpone the repayment deadline for loans that had been due at the end of June, according to the people. The banks will also seek a new...
Godiva Japan Lenders Said to Agree on Nine-Month Loan Extension
Lenders to Godiva Japan Inc. have agreed to extend by nine months the maturity of about ¥75 billion ($463 million) in loans to the struggling luxury chocolate maker, people familiar with the matter said.
A group of about 25 lenders including MUFG Bank Ltd. and Sumitomo Mitsui Banking Corp. will postpone the repayment deadline for loans that had been due at the end of June, according to the people. The banks will also seek a new corporate sponsor for the Belgian chocolate maker in Japan, to replace Asian private equity fund MBK Partners, said the people, who asked not to be identified because the information is private.