Renesas Electronics announces syndicate loan
Renesas Electronics Corporation has announced the execution of an agreement of a syndicate loan, with Mizuho Corporate Bank and Mitsubishi UFJ Trust and Banking Corporation, to secure the long-term stabilisation fund.
The 161.1 billion yen syndicate loan is to secure the long-term operation fund by restructuring the short-term loan to a long-term loan in order to stabilise the financial base required to accelerate Renesas’ structural reform and further development of solutions to enable the Smart Society.
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