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April 1, 2026

Subaru Concludes a Commitment Line Agreement with a Term-Out Option

April 1, 2026 – Subaru Corporation has concluded a commitment line agreement*1 with a term-out option*2 (the “Agreement”) through a club syndication*3 arranged by Mizuho Bank, Ltd.

Subaru’s approach to capital policy is built on a three-pronged strategy under which it pursues “financial soundness and stability” as the foundation of its business, “growth investments” that support the realization of world-leading Monozukuri (manufacturing) and Value Creation, as well as the delivery of Subaru-distinctive products and services, and “shareholder returns,” an essential element of sustainable corporate management.
The Agreement aims to enable Subaru to carry out its growth investments flexibly and steadily by optimizing capital efficiency and diversifying funding sources amid a rapidly changing business environment.

Subaru will continue to pursue sustainable growth and the enhancement of its corporate value over the medium to long term, while maintaining a sound financial foundation.

＜Outline of the Agreement＞

Type of Agreement Syndicated commitment line with a term-out option
Date of Agreement March 31, 2026
Commitment Period: 3 years
Loan Period after Term‑Out Up to 7 years
Total Commitment Amount ¥100.0 billion
Use of Funds General corporate purposes
Arranger*4 / Agent*5 Mizuho Bank, Ltd.
Participating Financial Institutions Mizuho Bank, Ltd.; Sumitomo Mitsui Banking Corporation;
Sumitomo Mitsui Trust Bank, Limited;
MUFG Bank, Ltd.; Shinkin Central Bank;
The Gunma Bank, Ltd.; The Norinchukin Bank;
The Ashikaga Bank, Ltd.; The Hachijuni Nagano Bank, Ltd.;
The Joyo Bank, Ltd.; The Shizuoka Bank, Ltd.
*1: A credit facility that allows the company to borrow funds as needed during the contract period, without additional credit review, subject to pre‑agreed conditions.
*2: A mechanism that allows short‑term borrowings under a commitment line to be converted into long‑term loans, subject to certain conditions.
*3: A financing structure in which multiple financial institutions participate as a fixed group and jointly provide financing.
*4: The financial institution responsible for coordinating the participating financial institutions and structuring the overall terms of the Agreement.
*5: The financial institution responsible for administrative procedures such as the execution of borrowings and repayment management after the agreement is concluded.

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