---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-004776"
form_type: "8-K"
ticker: null
cik: "0000834071"
company_name: "TOYOTA MOTOR CREDIT CORP"
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T04:16:56.721935+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Toyota Motor Credit enters new $5B intercompany revolver with Toyota Motor Sales, replaces prior facility

## Summary
- New credit agreement dated April 1, 2024, provides up to $5B revolving credit from Toyota Motor Sales to TMCC.
- Facility is available for general corporate purposes; no amount was drawn as of filing date.
- Commitments run to March 31, 2027, replacing the prior $5B agreement dated April 1, 2023.
- The old agreement was terminated effective April 1, 2024.

## SEC filing metadata
- accession: 0000950103-24-004776
- form_type: 8-K
- cik: 0000834071
- company_name: TOYOTA MOTOR CREDIT CORP
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/834071/000095010324004776/0000950103-24-004776-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/834071/000095010324004776/dp209142_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-004776
- JSON: https://secwatch.observer/filing/0000950103-24-004776.json
- Plain text: https://secwatch.observer/filing/0000950103-24-004776.txt

## Key facts
- Debt Financings
  TOYOTA MOTOR CREDIT CORP incurred revolving credit of up to $5,000,000,000 with Toyota Motor Sales, U.S.A, Inc. maturing March 31, 2027.
  - Instrument: revolving credit
  - Principal: up to $5,000,000,000
  - Counterparty: Toyota Motor Sales, U.S.A, Inc.
  - Maturity: March 31, 2027
  - Event: incurrence
  source text: On April 1, 2024, Toyota Motor Credit Corporation, a California corporation (“TMCC”), as borrower, entered into a revolving credit agreement (the “Intercompany Credit Agreement”) with Toyota Motor Sales, U.S.A, Inc., a California corporation (“TMS”), as lender, providing for a revolving credit facility with aggregate lending commitments of up to $5,000,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/834071/000095010324004776/0000950103-24-004776-index.htm
- Material Agreements
  TOYOTA MOTOR CREDIT CORP terminated Revolving Credit Agreement with Toyota Motor Sales, U.S.A, Inc. (effective 2024-04-01).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Toyota Motor Sales, U.S.A, Inc.
  - Effective: 2024-04-01
  source text: The Intercompany Credit Agreement replaces the Revolving Credit Agreement, dated as of April 1, 2023, between TMCC and TMS, which was terminated on April 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/834071/000095010324004776/0000950103-24-004776-index.htm
- Material Agreements
  TOYOTA MOTOR CREDIT CORP entered into Intercompany Credit Agreement with Toyota Motor Sales, U.S.A, Inc. valued at $5,000,000,000 (effective 2024-04-01).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Toyota Motor Sales, U.S.A, Inc.
  - Value: $5,000,000,000
  - Effective: 2024-04-01
  source text: On April 1, 2024, Toyota Motor Credit Corporation, a California corporation (“TMCC”), as borrower, entered into a revolving credit agreement (the “Intercompany Credit Agreement”) with Toyota Motor Sales, U.S.A, Inc., a California corporation (“TMS”), as lender, providing for a revolving credit facility with aggregate lending commitments of up to $5,000,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/834071/000095010324004776/0000950103-24-004776-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.