Bain proposes IPO of Japan's Kioxia to clear way for $5.8 billion loan refinance, according to a source

Bain proposes IPO of Japan's Kioxia to clear way for $5.8 billion loan refinance, source says. Lenders urged the chipmaker to come up with a recapitalisation plan because it looks likely to run afoul of the terms of a 900 billion yen syndicated loan, the person said.

Bain Capital proposes IPO of Japan's Kioxia Holdings to clear way for $5.8 bln loan refinance, source says. Bain and Kioxa met with a group of banks including Sumitomo Mitsui, Mizuho and Mitsubishi UFJ.