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Home Mango BiteDixon Tech issues $220 mn guarantee to Lenovo for Padget Electronics div

Dixon Tech issues $220 mn guarantee to Lenovo for Padget Electronics div

Dixon Tech issues $220 mn guarantee to Lenovo for Padget Electronics div

•Dixon Tech issued a $220 million guarantee to Lenovo for Padget Electronics' payment obligations.

•The guarantee ensures Padget discharges payment for raw materials and components for Lenovo's products.

•Padget Electronics is a wholly-owned Dixon subsidiary, with no immediate impact on Dixon's finances.

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