The Vogtle nuclear plant being built by Westinghouse, a unit of Toshiba, near Waynesboro, Georgia, U.S. is seen in an aerial photo taken February 2017. Georgia Power/Handout via Reuters

An attorney from Toshiba’s Westinghouse Electric Co unit told a US court on Tuesday that the company had reached a deal to borrow US$800 million. The finalized deal comes after allaying creditors concerns that the funds would be used for Westinghouse affiliates overseas.

The attorney told the court that the loan would enable Westinghouse to complete a business plan by July 27 and then begin the process of exiting bankruptcy.