TOKYO, Japan, 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
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Sumitomo Mitsui Trust Bank, Limited
Mitsubishi UFJ Trust and Banking Corporation
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) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.
The content in the press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.