Shearman And Sterling

News November 06, 2020

Toyota’s $5 Billion 364-Day Revolving Credit Facility

Shearman advised BNP Paribas, as Administrative Agent, on a $5 billion 364-day revolving credit facility for Toyota Motor Credit Corporation to finance general corporate purposes. 

Toyota Motor Credit Corporation provides various finance and insurance products to authorized Toyota and Lexus dealers or dealer groups, and other domestic and import franchise dealers and their customers in the United States and Puerto Rico. The company acquires retail installment sales contracts and leasing contracts accounted for as operating leases from dealers.

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