Mr.Nakanishi, CFO reported the renewal of Multi-Currency short term revolving credit facility from MUTB with the amount of JPY 1,000 million (for nomal line) and the renewal of short term revolving credit facility from MUTB with the amount of JPY 3,000 million (for emergency line), both for the period from May 30, 2014 to May 29, 2015. This USD or JPY loan would be swapped into THB when disbursed the indicative swap rate of which seems relatively high.
The Company has no intension to utilize this facility because of its high cost. However, the Company would like to maintain this facility as a backup facility in emergency case in future.