Canon To Step up Repayment of Acquisition Debt
By| January 18, 2018
From Nikkei Asian Review:
$1.8bn set aside for 2018 on brisk earnings
TOKYO — Canon will pay back more interest-bearing debt this year to improve its financial standing following the 2016 acquisition of a medical equipment business from Toshiba.
Repayment will double from 2017 levels to around 200 billion yen ($1.79 billion) in light of strong earnings last year, with an aim of whittling down borrowings from parties including Bank of Tokyo-Mitsubishi UFJ. Read the full story