Bloomberg News

Toyota Motor Credit Receives $5 Billion Credit Line for 364 Days

March 01, 2012

Toyota Motor Credit Corp. (5672A), the financing arm of Asia’s biggest automaker, received a $5 billion loan for general corporate purposes.

BNP Paribas SA, Citigroup Inc., Bank of America Corp. and the Bank of Tokyo-Mitsubishi UFJ Ltd. arranged the credit, according to a regulatory filing today. The loan has a 364-day maturity and replaces debt it obtained a year ago.

Moody’s Investors Service has given the Torrance, California-based company an investment grade credit rating of Aa3.

To contact the reporter on this story: Christine Idzelis in New York at cidzelis@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net


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