Panasonic gets 600 bil. yen credit line
News On Japan via Yomiuri -- Oct 17

Panasonic Corp. has won contracts with four banks on a total credit line of up to 600 billion yen, the largest in the country this year, informed sources said Tuesday.

Under the so-called commitment line contracts dated Oct. 1, Panasonic can borrow up to 250 billion yen from Sumitomo Mitsui Banking Corp., 200 billion yen from Bank of Tokyo-Mitsubishi UFJ, 100 billion yen from Sumitomo Mitsui Trust Bank and 50 billion yen from Resona Bank.

The consumer electronics giant aims to maintain its creditworthiness by diversifying its financing methods.

業績が低迷しているパナソニックが、取引銀行と総額6000億円に上る融資枠を設定したことが分かりました。

Source: Yomiuri, ANNnewsCH



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