Notice Regarding Conclusion of Commitment Line Agreement

2020年07月13日

TOKYO, Japan ― Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the conclusion of a commitment line agreement as described below:

1. Purpose

The objective of the agreement is, to secure flexible means of procuring financing in order to meet funding requirements for future business developments and to secure working capital, as well as to improve the stability of the Company's financial base.

2. Overview of Commitment Line Agreement

Counterparties of agreement MUFG Bank, Ltd., Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited., Resona Bank, Ltd.
Maximum loan amount 75 billion yen
Date of agreement July 13, 2020
Term of agreement Two years
Collateral and guarantee No collateral or guarantees

3. Future Outlook

The conclusion of this agreement will not have a material impact on Renesas’ consolidated financial results for the fiscal year ending December 31, 2020.

(Reference)
A commitment line is a contract whereby a financial institution promises (commits) a loan to a company within a predetermined period and maximum amount between the company and the financial institution. By entering into this agreement, Renesas will be able to procure the necessary funds in a timely manner within the set period and maximum amount.

Forward-Looking Statements

The statements in this press release with respect to the plans, strategies and financial outlook of Renesas Electronics and its consolidated subsidiaries (collectively “we”) are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from such forward-looking statements due to several important factors including, but not limited to, general economic conditions in our markets, which are primarily Japan, North America, Asia, and Europe; demand for, and competitive pricing pressure on, products and services in the marketplace; ability to continue to win acceptance of products and services in these highly competitive markets; and fluctuations in currency exchange rates, particularly between the yen and the U.S. dollar. Among other factors, downturn of the world economy; deteriorating financial conditions in world markets, or deterioration in domestic and overseas stock markets, may cause actual results to differ from the projected results forecast.

关于瑞萨电子集团

瑞萨电子集团 (TSE: 6723) ,提供专业可信的创新嵌入式设计和完整的半导体解决方案,旨在通过使用其产品的数十亿联网智能设备改善人们的工作和生活方式。作为全球领先的微控制器供应商、模拟功率器件和SoC产品的领导者,瑞萨电子为汽车、工业、家居、基础设施及物联网等各种应用提供综合解决方案,期待与您携手共创无限未来。更多信息,敬请访问renesas.com。关注瑞萨电子微信公众号领英官方账号,发现更多精彩内容。


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