January 30, 2003 "Metal One Corporation," a new company established by Mitsubishi Corporation and Nissho Iwai Corporation, integrating their iron and steel product business, and the Development Bank of Japan/Bank of Tokyo-Mitsubishi/Mizuho Corporate Bank/UFJ Bank, etc. entered into stand-alone financing agreements of approx. ¥190 billion. Metal One Corporation (Chairman and CEO: Norio Okada; Head Office: Minato-ku, Tokyo (the "Company")), for its financing, entered into a long-term loan agreement with the Development Bank of Japan as the lender, and a revolving credit facility agreement in a syndicated arrangement with The Bank of Tokyo-Mitsubishi, Ltd. as the primary arranger and Mizuho Corporate Bank, Ltd. and UFJ Bank Limited as joint arrangers.
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