• Kyodo


Three major lenders for Japan Display Inc. plan to extend their credit deadlines again to bolster the struggling display-maker’s financing as a rescue plan from new investors has yet to be finalized, sources close to the matter said Friday.

Mizuho Bank, Sumitomo Mitsui Banking Corp. and Sumitomo Mitsui Trust Bank plan to extend the expiry of their loans, totaling ¥107 billion ($980 million), from Dec. 30 to March 31. The state-backed fund, INCJ Ltd., will provide a guarantee for the loans, the sources said.

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