TOYOTA MOTOR CREDIT CORP: debt financing — Toyota Motor Credit enters into $15B in new credit facilities, replacing prior agreements

TOYOTA MOTOR CREDIT CORP

Signed $5.0B 364-day, $5.0B three-year, and $5.0B five-year syndicated credit facilities on Nov 17, 2023.
Facilities replace prior $5.0B each 364-day, three-year, five-year credit agreements dated Nov 18, 2022.
Borrowers include TMCC, TMFNL, TFSUK, TCPR, TCCI, TKG, and TFA; each facility undrawn at signing.
Proceeds for general corporate purposes; swingline sub-facilities up to $1.25B per facility.
Arrangers include BNP Paribas, BofA Securities, Citibank, JPMorgan, and MUFG.

item 1.01 item 1.02 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TOYOTA MOTOR CREDIT CORP incurred credit facility of $5.0 billion with BNP Paribas maturing three-year.

Instrument: credit facility
Principal: $5.0 billion
Counterparty: BNP Paribas
Maturity: three-year
Event: incurrence

Exact text from the filing

$5.0 billion three year syndicated credit facility pursuant to a Three Year Credit Agreement, dated as of November 17, 2023

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TOYOTA MOTOR CREDIT CORP incurred credit facility of $5.0 billion with BNP Paribas maturing 364 day.

Instrument: credit facility
Principal: $5.0 billion
Counterparty: BNP Paribas
Maturity: 364 day
Event: incurrence

Exact text from the filing

$5.0 billion 364-day syndicated credit facility pursuant to a 364 Day Credit Agreement, dated as of November 17, 2023

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TOYOTA MOTOR CREDIT CORP incurred credit facility of $5.0 billion with BNP Paribas maturing five-year.

Instrument: credit facility
Principal: $5.0 billion
Counterparty: BNP Paribas
Maturity: five-year
Event: incurrence

Exact text from the filing

$5.0 billion five year syndicated credit facility pursuant to a Five Year Credit Agreement, dated as of November 17, 2023

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TOYOTA MOTOR CREDIT CORP entered into 364 Day Credit Agreement with BNP Paribas, BNP Paribas Securities Corp., BofA Securities, Inc., Citibank, N.A., JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Bank of America, N.A. valued at $5.0 billion 364-day syndicated credit facility (effective 2023-11-17).

Action: entry
Agreement: credit facility
Counterparty: BNP Paribas, BNP Paribas Securities Corp., BofA Securities, Inc., Citibank, N.A., JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Bank of America, N.A.
Value: $5.0 billion 364-day syndicated credit facility
Effective: 2023-11-17

Exact text from the filing

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 17, 2023 (the “364 Day Credit Agreement”), among TMCC, Toyota Motor Finance (Netherlands) B.V. (“TMFNL”), Toyota Financial Services (UK) PLC (“TFSUK”), 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”), BofA Securities, Inc. (“BofA Securities”), Citibank, N.A. (“Citibank”), JPMorgan Chase Bank, N.A. (“JPMorgan”), and MUFG Bank, Ltd. (“MUFG”), as Joint Lead Arrangers and Joint Book Managers, Citibank, Bank of America, N.A. (“BofA”) and JPMorgan, as Syndication Agents and Swing Line Lenders, and MUFG, as a Syndication

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Source: SEC EDGAR

accession 0000950103-23-016466

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