Elpida Memory Inc. revealed on Friday that it pledged all its U.S. assets as security for a $190 million bankruptcy loan approved as part of its restructuring in Japan, Dow Jones Newswires reported yesterday. The pledges were in April and May and tied up accounts receivable from U.S. customers as well as the Japanese company's ownership of its U.S. subsidiary. Bondholders including an assortment of U.S. hedge funds have been asking the chip maker about the fate of its U.S. assets, which were placed under chapter 15 protection earlier this year.
