July 28, 2016 8:01 AM ET

Diversified Financial Services

Company Overview of Toyota Credit Canada Inc.

Company Overview

Toyota Credit Canada Inc. provides financing services for authorized Toyota dealers and users of Toyota products in Canada. It offers lease and loan financing to customers for the acquisition of Toyota, Lexus, and Scion vehicles; and floor plan financing, wholesale lease financing, and dealership financing to dealers. The company was incorporated in 1990 and is based in Markham, Canada. Toyota Credit Canada Inc. is a subsidiary of Toyota Financial Services Corporation.

80 Micro Court

Suite 200

Markham, ON L3R 9Z5

Canada

Founded in 1990

118 Employees

Key Executives for Toyota Credit Canada Inc.

President and Director
Compensation as of Fiscal Year 2016.

Toyota Credit Canada Inc. Key Developments

Toyota Motor Credit Corporation Enters into Credit Agreements

Toyota Motor Credit Corporation (TMCC) entered into the following credit agreements: $5.0 billion 364-day syndicated credit facility pursuant to a 364 day credit agreement, dated as of November 18, 2015 (the 364 day credit agreement), among TMCC, Toyota Motor Finance (Netherlands) B.V. (TMFNL), Toyota Financial Services (UK) PLC (TFS(UK)), Toyota Leasing GMBH (TLG), Toyota Credit de Puerto Rico Corp. (TCPR), Toyota Credit Canada Inc. (TCCI) Toyota Kreditbank GMBH (TKG), and Toyota Finance Australia Limited (TFA), as Borrowers, the lenders party thereto, and BNP Paribas, as administrative agent, swing line agent and swing line lender, BNP Paribas Securities Corp. (BNPP Securities), Citigroup Global Markets Inc. (CGMI), Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPFS) and The Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), as joint lead arrangers and joint book managers, Citibank, N.A. (Citibank) and Bank of America, N.A. (Bank of America), as swing line lenders, and Citibank, Bank of America, and BTMU, as syndication agents; $5.0 billion three year syndicated credit facility pursuant to a three year credit agreement, dated as of November 18, 2015 (the three year credit agreement), among TMCC, TMFNL, TFS(UK), TLG, TCPR, TCCI, TKG and TFA, as Borrowers, the lenders party thereto, and BNP Paribas, as administrative agent, Swing Line Agent and Swing Line Lender, BNPP Securities, CGMI, MLPFS, and BTMU, as joint lead arrangers and joint book managers, Citibank and Bank of America, as swing line lenders, and Citibank, Bank of America, and BTMU, as syndication agents; $5.0 billion five year syndicated credit facility pursuant to a five year credit agreement, dated as of November 18, 2015 (the five year credit agreement and, collectively with the 364 day credit agreement and the three year credit agreement, the credit agreements), among TMCC, TMFNL, TFS(UK), TLG, TCPR, TCCI, TKG and TFA, as borrowers, the lenders party thereto, and BNP Paribas, as Administrative Agent, Swing Line Agent and Swing Line Lender, BNPP Securities, CGMI, MLPFS, and BTMU, as joint lead arrangers and joint book managers, Citibank and Bank of America, as swing line lenders, and Citibank, Bank of America and BTMU, as syndication agents. TMCC may borrow funds under the each of the credit agreements subject to customary borrowing conditions. Under the credit agreements, TMCC is subject to certain covenants customary in a transaction of this nature, including negative pledge provisions and limitations on consolidations, mergers and sales of assets. The 364 Day credit agreement has a 364 day term, during which TMCC, TMFNL, and TFS(UK) may make aggregate drawings not to exceed $5.0 billion, TCCI may make drawings not to exceed $866,800,000, TCPR may make drawings not to exceed $1,000,000,000, and TKG, TLG and TFA may each make drawings not to exceed $500,000,000. The aggregate amount of all drawings under the 364 day credit agreement may not exceed the total commitment amount of $5.0 billion. In addition, the 364 day credit agreement provides for a swingline sub-facility of up to $1,250,000,000 of which $500,000,000 will be available to TFA. The 364 day credit agreement may be used for general corporate purposes and was not drawn upon as of the date of this filing. Under the three year credit agreement, TMCC, TMFNL, and TFS(UK) may make aggregate drawings not to exceed $5.0 billion, TCCI may make drawings not to exceed $866,600,000, TCPR may make drawings not to exceed $1,000,000,000, and TKG, TLG and TFA may each make drawings not to exceed $500,000,000. The aggregate amount of all drawings under the three year credit agreement may not exceed the total commitment amount of $5.0 billion. In addition, the three year credit agreement provides for a swingline sub-facility of up to $1,250,000,000 of which $500,000,000 will be available to TFA. The three year credit agreement may be used for general corporate purposes and was not drawn upon as of the date of this filing. Under the five year credit agreement, TMCC, TMFNL, and TFS(UK) may make aggregate drawings not to exceed $5.0 billion, TCCI may make drawings not to exceed $866,600,000, TCPR may make drawings not to exceed $1,000,000,000, and TKG, TLG and TFA may each make drawings not to exceed $500,000,000. The aggregate amount of all drawings under the five year credit agreement may not exceed the total commitment amount of $5.0 billion. In addition, the five year credit agreement provides for a swingline sub-facility of up to $1,250,000,000 of which $500,000,000 will be available to TFA. The five year credit agreement may be used for general corporate purposes and was not drawn upon as of the date of this filing. Certain of the lenders participating in the credit agreements and their affiliates have in the past and may in the future engage in financing, securities, derivative, commercial banking and investment banking transactions with TMCC and its affiliates for which they will receive customary fees and expenses.

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