Western Digital (WDC) has received regulatory approval from China’s Ministry of Commerce (MOFCOM) in connection with the planned acquisition of SanDisk Corporation. The MOFCOM decision completes the regulatory review process required for this transaction.
According to a related 8-K filing, WDC entered into a credit agreement with JPMorgan Chase, as administrative agent and collateral agent, and other lenders for $9.875 billion in credit facilities to support the acquisition and refinance certain existing indebtedness of WDS and SanDisk.
