OREANDA-NEWS. March 02, 2012. Mitsubishi Motors Thailand (MMTh), exclusive distributor, producer, and subsidiary of Mitsubishi Motors Corporation (MMC), has secured committed lines of credit from several local Thai banks with a total limit of 25 billion baht (about 65 billion yen). The contracts with the banks will last beyond MMC's current JUMP 2013 mid-term business plan, with a term of three years.

 With the new committed lines of credit, MMTh will obtain a flexible and stable financing that could be utilized for further strengthening of its business. In addition, these committed lines of credit supplement the liquidity of the MMC Group as any loans from these lines can be directed from MMTh to MMC.

Outline of Committed Lines of CreditBorrower: Mitsubishi Motors Thailand (MMTh)
Credit Limit: THB 25,000,000,000
Date of Signing: March 1, 2012
Term of the Contracts:  3 years (from March 1, 2012)