Notice Concerning Repayment of Loans and Establishment of Commitment for Line of Credit
As an anti-recession measure in response to the slumping semiconductor market and other changes in the business environment since the financial crisis of the previous year, DISCO Corporation had total bank loans of 27 billion yen as of the end of March 2009 to ensure the avoidance of a shortage in funds even if monthly sales as low as 2 billion yen would last for 5 years.
DISCO Corporation hereby announces that it has decided on and implemented the repayment of the 12 billion yen syndicated loan with five banks led by the Bank of Tokyo-Mitsubishi UFJ Ltd. before its due date. This decision has been made based on the assumption that the business risk initially anticipated has decreased in view of the improved business environment and the company’s performance trend. This constitutes a partial repayment of the existing loans and funds in hand were used for this repayment of the syndicated loan.
Upon this repayment, DISCO has established a commitment for a line of credit of 12 billion yen with the above five banks. The period of this line of credit is 1 year, which may be extended up to a maximum of 3 years.
With the establishment of this line of credit, DISCO will further enhance its financial strength while eliminating possible risks.
Contact:
Aya Osumi
Corporate Communications Office
DISCO Corporation
E-Mail:
Phone: 81-3-4590-1090
