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Nidec to Renew $3.8 Billion Credit Line with MUFG Bank and Sumitomo Mitsui Banking Corporation
Nidec is set to renew a 600 billion yen ($3.8 billion) committed credit line agreement with MUFG Bank and Sumitomo Mitsui Banking Corporation to help stabilize cash flow at the motor manufacturer mired in an accounting scandal, though its stock exchange listing status remains at risk.
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