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Sharp Said to Get Loan Extension, More Time for Foxconn Deal – San Jose Mercury News

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Sharp Said to Get Loan Extension, More Time for Foxconn Deal

Sharp’s banks are ready to push back the deadline for most of the company’s $4.5 billion in loans and credit lines beyond March 31, people with knowledge of the matter said, giving the electronics maker more time to reach a renegotiated deal to be acquired by Foxconn Technology Group.

http://www.mercurynews.com/business/ci_29684768/sharp-said-get-loan-extension-more-time-foxconn