Financing consultation with Nissan Bank for hundreds of billions of yen Funding measures with new corona April 9 18:18
As the spread of the new coronavirus has a significant impact on the automotive industry, Nissan is negotiating with a bank for financing hundreds of billions of yen in order to increase its cash resources I understand.
According to stakeholders, Nissan is discussing financing with three major banks, including Mizuho Bank, the mainstay, and the Development Bank of Japan.
For the time being, Nissan believes that it will need 500 billion yen of funding, and is considering financing for several hundred billion yen or establishing a new loan facility.
Nissan's main business in the United States and other markets have been sluggish and its business performance has been sluggish, but the spread of the new coronavirus has had a major impact on production and sales worldwide.
At this point, the company has no problem with the cash at hand, but it appears that the company is aiming to secure more funding for the prolonged impact.
With regard to the spread of the new coronavirus infection, some automobile companies are taking steps to take financial measures, such as requesting that Toyota Motor Corporation set a lending frame of ¥ 1 trillion in line with the main banks.