Renesas Electronics Announces the Execution of a Syndicate Loan Agreement to
Ensure Successful Long-Term Stabilization of a Financial Base
TOKYO -- September 28, 2012
Renesas Electronics Corporation (TSE:6723)(hereinafter “Renesas”), a premier
supplier of advanced semiconductor solutions, today announced the execution of
an agreement of a syndicate loan, with Mizuho Corporate Bank, Ltd., The Bank
of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Trust Bank, Limited, and
Mitsubishi UFJ Trust and Banking Corporation as arrangers to secure the
long-term stabilization fund. This press release is separate from Renesas’
announcement of “Renesas Electronics Announces the Successful Implementation
of Measures to Ensure a Robust and Profitable Structure” also released today.
1. Overview of the syndicate loan
1) Amount: 161.1 Billion Yen
2) Arrangers: Mizuho Corporate Bank, Ltd.
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Sumitomo Mitsui Trust Bank, Limited
Mitsubishi UFJ Trust and Banking Corporation
3) Purpose of the fund: Long-term operation
2. Purpose of the financial arrangements
To secure the long-term operation fund by restructuring the short-term loan to
a long-term loan in order to stabilize the financial base required to
accelerate Renesas’ structural reform and further development of solutions to
enable the Smart Society.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723), the world’s number one supplier
of microcontrollers, is a premier supplier of advanced semiconductor solutions
including microcontrollers, SoC solutions and a broad-range of analog and
power devices. Business operations began as Renesas Electronics in April 2010
through the integration of NEC Electronics Corporation (TSE:6723) and Renesas
Technology Corp., with operations spanning research, development, design and
manufacturing for a wide range of applications. Headquartered in Japan,
Renesas Electronics has subsidiaries in 20 countries worldwide. More
information can be found at www.renesas.com.
Renesas Electronics Corporation
Ai Kanehira, + 81-3-6756-5555 (Japan)
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