MiniScribe arranged for a new financing plan.

The firm announced that it has a $20-million equity financing agreement with a venture capital group led by Hambrecht & Quist. The financing is expected to be completed within a week, MiniScribe said. The company also said its banking agreement will be restructured to provide a $12-million revolving line of credit for working capital and a $7-million loan repayable over six years. MiniScribe, a leading producer of computer disk drives, has been burdened for the past nine months by the heavy costs of both introducing a new generation of products with advanced technology and transferring its manufacturing operations to new facilities in Asia.