Toyota Investor Presentation Deck
Credit Support Agreement
TFSC Credit Support Agreement
Securities!¹! issued by TMCC (and various other TFSC subsidiaries) have the benefit of a credit support agreement with
TFSC
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TFSC will own 100% of TMCC
TFSC will cause TMCC to maintain a tangible net worth of at least $100,000 as long as covered securities are outstanding
If TMCC determines it will be unable to meet its payment obligations on any securities, TFSC will make sufficient funds
available to TMCC to ensure that all such payment obligations are paid as due
TMC Credit Support Agreement
TFSC in turn has the benefit of a credit support agreement with TMC
Same key features as TFSC/TMCC credit support agreement
TMC will cause TFSC to maintain a tangible net worth of at least JPY 10mm as long as covered securities are outstanding
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Agreement cannot be terminated until (1) repayment of all outstanding securities or (2) each rating agency requested by
Toyota to provide a rating has confirmed no change in rating of all such securities
TFSC's and/or TMC's credit support obligations will rank pari passu with all other senior
unsecured debt obligations
"Securities" defined as outstanding bonds, debentures, notes and other investment securities and commercial paper, but
does not include asset-backed securities issued by TMCC's securitization trusts.
TOYOTA FINANCIAL SERVICES 36View entire presentation