INOTERA MEMORIES INC 
By | Inotera Press Release: Inotera Signs NT$10 Billion Three-Year Syndicated Loan Agreement with 12 Banks |
Taoyuan, Taiwan (R.O.C.) January 10th, 2013 - Inotera Memories, Inc. ("Inotera") today announced that the Company has signed an NT$ 10 billion three-year syndicated loan agreement. Bank of Taiwan is acting as the lead manager of the syndicate, and the five co-manager banks are First Commercial Bank, Hua Nan Commercial Bank, Taiwan Cooperative Bank and Taiwan Business Bank. The other participants in the syndicated loan are E.Sun Commercial Bank, Chang Hwa Commercial Bank, Taishin International Bank, Taichung Commercial Bank, Chinatrust Commercial Bank, DBS Bank and The Shang Hai Commercial & Savings Bank. The proceeds of the loan will be used to finance working capital needs and term loan repayments.
With the strong support of Formosa Plastics Group and the banks, this syndicated loan has been completed smoothly despite the DRAM market downturns in recent years. The implementation is expected to fulfill the Company's working capital needs, enable the introduction of leading-edge technology and enhance its technology capability and long-term competitiveness.
About Inotera
Inotera Memories, Inc. was incorporated on January 23rd, 2003. Inotera's production facilities are designed to manufacture high-density and high-performance DRAM
