Sony takes out first big loan in ten years.

**bobgpsr** · **07-05-06, 09:51 AM**

Sony takes out ¥80 billion loan as PS3 production ramps up

Quote:

Move marks first time Japanese giant has borrowed funds in a decade

Sony Corp. has taken out an 80 billion Yen (545 million Euro) three-year floating-rate bank loan - marking the first time the company has borrowed funds in ten years.

According to Bloomberg.com, more than 20 Japanese lenders will contribute to the loan, which will be used to "diversify funding sources."
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**Sonnie** · **07-05-06, 11:17 AM**

Looks like they are going all out on this one.

**Tommy** · **07-05-06, 05:11 PM**

Well so far there blu ray is flooping as far as accumalting bad reviews, they better do something to turn it around. Although some of us die hard home theater guys might be interested in picking up a ps3 for a cheaper price then the stand alone bluray, I dont think there are as many people as they think that are gonna run out and buy there kids $600 video game players and then hundreds of dollars on games and movies for it

**Tommy** · **07-05-06, 05:16 PM**

Last year the company embarked on a three-year cost-cutting exercise that will see the loss of 10,000 jobs.

cutting jobs and borrowing money doesnt sound promising to me...

**JimP** · **07-24-06, 10:03 AM**

After reading the full article, it sounds like favorable rates when compared to issuing corporate bonds.

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