{"id":3690,"date":"2009-02-04T09:44:16","date_gmt":"2009-02-04T13:44:16","guid":{"rendered":"tag:www.legitreviews.com:\/\/78168b76a8980c08f0475c4bfd3eff8e"},"modified":"2009-02-04T09:44:16","modified_gmt":"2009-02-04T13:44:16","slug":"kingston-acts-as-guarantor-for-promos-loan","status":"publish","type":"post","link":"https:\/\/computerhunter.us\/?p=3690","title":{"rendered":"Kingston acts as guarantor for ProMOS loan"},"content":{"rendered":"

Kingston Technology has agreed to act as a guarantor for ProMOS Technologies' application for a syndicated loan of NT$5 billion (US$148 million) from nine local banks, according to industry sources. Kingston has agreed to guarantee NT$1.5-2 billion of the loan in support of the cash-strapped DRAM maker.<\/p>\n

\n

The loan is expected to help ProMOS redeem its euro convertible bonds (ECBs) by the February 14 deadline, the sources said. ProMOS has said via a company filing with the Taiwan Stock Exchange (TSE) on February 3 that the company's NT$5 billion loan application was being evaluated by the banks, which required ProMOS to collateralize its production equipment and to find guarantors. The company did not reveal further details.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Kingston Technology has agreed to act as a guarantor for ProMOS Technologies' application for a syndicated loan of NT$5 billion (US$148 million) from nine local banks, according to industry sources. Kingston has agreed to guarantee NT$1.5-2 billion of the loan in support of the cash-strapped DRAM maker.<\/p>\n

\n

The loan is expected to help ProMOS redeem its euro convertible bonds (ECBs) by the February 14 deadline, the sources said. ProMOS has said via a company filing with the Taiwan Stock Exchange (TSE) on February 3 that the company's NT$5 billion loan application was being evaluated by the banks, which required ProMOS to collateralize its production equipment and to find guarantors. The company did not reveal further details.<\/p>\n<\/blockquote>\n

Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-3690","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/computerhunter.us\/index.php?rest_route=\/wp\/v2\/posts\/3690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/computerhunter.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/computerhunter.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/computerhunter.us\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/computerhunter.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3690"}],"version-history":[{"count":0,"href":"https:\/\/computerhunter.us\/index.php?rest_route=\/wp\/v2\/posts\/3690\/revisions"}],"wp:attachment":[{"href":"https:\/\/computerhunter.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/computerhunter.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/computerhunter.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}