Sharp 2013 Annual Report Download - page 69

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Annual Report 2013 67
The funds is expected to be used for costs and expenses, and equipment investment for the commercialization of the Next-Generation
MEMS Display.
(b) Purpose of use of the funds
The Company signed the agreement on June 25, 2013 regard-
ing renewal of the agreement which was signed in September
27, 2012 for the current syndicated loan of ¥360 billion due on
June 30, 2013, and the arrangement for new syndicated loan
of ¥150 billion.
The Renewal of Current Syndicated Loan Agreement and Signing of New Agreement
Current Syndicated Loan New Syndicated Loan
Amount ¥360 billion ¥150 billion (limit)
Type of Loan Term Loan: ¥180 billion
Uncommitted line of credit: ¥180 billion (limit) Uncommitted line of credit
Purpose of Loan Working capital Capital for the redemption of convertible bonds
Arranger and Agent Mizuho Corporate Bank, Ltd.
The Bank of Tokyo-Mitsubishi UFJ, Ltd. Same as on the left
Contract Term June 28, 2013 to March 31, 2016 June 25, 2013 to March 31, 2016
Financial Section