TAC – Taiwan Acceptance Corporation

06/20/2022 | Press release | Distributed by Public on 06/20/2022 01:21

Supplementary announcement for subsidiary TAC Leasing Co., Ltd. signing a Syndicated Loan Agreement led by Mizuho Bank (China) with an extra bank

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Provided by: Yulon Finance Corporation
SEQ_NO 1 Date of announcement 2022/06/20 Time of announcement 15:11:50
Subject
 Supplementary announcement for subsidiary TAC
Leasing Co., Ltd. signing a Syndicated Loan Agreement
led by Mizuho Bank (China) with an extra bank
Date of events 2022/06/20 To which item it meets paragraph 10
Statement
1.Date of occurrence of the event:2022/06/20
2.Counterparty to the contract or commitment:A group of banks led by Mizuho
Corporate Bank (China),Ltd. with the addition of Bangkok Bank China
Xiamen Branch
3.Relationship with the Company:None
4.Starting and ending dates (or rescission date) of the
contract or commitment:3 years from the first drawdown date
5.Major content (not applicable where rescinded):TAC Leasing Co., Ltd.
signed a 3-Year RMB 600 million Syndicated Loan Agreement with a group
of banks as mentioned in item 2
6.Restrictive covenants (not applicable where rescinded):Based on the terms
and conditions set out in the Term Loan Facility Agreement
7.Commitment (not applicable where rescinded):Based on the terms
and conditions set out in the Term Loan Facility Agreement
8.Any other important agreement (not applicable where rescinded):Based on
the terms and conditions set out in the Term Loan Facility Agreement
9.Effect on company finances and business:To expand funding sources
and business scale of TAC Leasing Co., Ltd.
10.Concrete purpose/objective:For working capital and general corporate
purposes
11.Any other matters that need to be specified:None