|
|
|
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
 For Immediate Release:
Isuzu Motors Limited
February 16, 2005 Isuzu concludes an agreement on a total of 300 billion yen worth of syndicated loan
Isuzu Motors Limited concluded an agreement on the 300 billion yen worth of the syndicated loan with MIZUHO Corporate Bank Limited as an arranger, effective February 16, 2005.
This syndicated loan consists of 240 billion yen worth of the term loan and 62 billion yen worth of the commitment line. The term loan has been arranged to refinance the existing long/short-term borrowings and the commitment line has been arranged to complement liquidity. As announced in last November, capital reduction (through retirement of Class-II Preferred Stock with payment to shareholders) and reduction in capital reserves were made to alleviate risk of dilution of equity share of the common stock of shareholders and eliminate loss carried over. In addition to the program above, the syndicated loan arranged this time is intended to establish a financial strong foothold as a means to successfully implement the mid-term business plan starting in April 2005. < Outline of the syndicated loan >
# # #
|
||||||||||||||||||||||||||||||||||
 |
|
|
|
  |
|
|
|
|
 |
 |