Reported 23 days ago
Nissan Motor is set to raise $4 billion through U.S. dollar- and euro-denominated senior unsecured bonds, as revealed in a term sheet. This initiative follows a recent request to suppliers for delayed payments, indicating the company's need for cash amid a significant net loss of $4.5 billion last financial year and a credit rating decline to 'junk' status. The automaker plans diverse bond maturities while aiming to leverage the raised funds for debt refinancing amidst an ongoing restructuring plan.
Source: YAHOO