Nvidia’s desktop AI supercomputer now available to the general public
Toyota Motor Credit Corporation (NYSE:TM/28) renewed its Euro Medium Term Note Programme (EMTN Program) for one year, according to a statement released Thursday based on a recent SEC filing. The program authorizes the issuance of up to €60 billion in unsecured notes, with the amount shared among Toyota Motor Credit and its affiliates: Toyota Motor Finance (Netherlands) B.V., Toyota Credit Canada Inc., and Toyota Finance Australia Limited.
Under the EMTN Program, the issuers may offer notes in various currencies, with terms such as interest rate and maturity set at the time of each sale. Notes issued by Toyota Motor Credit may be in bearer or registered form, subject to the terms of existing agency agreements with The Bank of New York Mellon and its affiliates.
The agency agreements referenced in the filing, dated September 13, 2024, establish the customary terms and conditions for the program. Notes issued under the EMTN Program pursuant to Regulation S of the Securities Act of 1933 are not registered in the United States and may not be offered or sold to U.S. persons unless an exemption applies.
The EMTN Program allows Toyota Motor Credit and its affiliates to access international debt markets, with the total authorized principal amount remaining at €60 billion. This information is based on a press release statement contained in the company’s Form 8-K filing with the Securities and Exchange Commission.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.