Sharp Corporation

Event Publicly Available Information:

On March 30, 2016, the Reference Entity announced that it has reached an agreement with its lenders to postpone the term of the existing syndicated loans (510 billion yen in total due on March 31, 2016), to April 30, 2016.
Press release (English)
Press release (Japanese)
Additional press release (English)
Additional press release (Japanese)

Upcoming DC Meetings
This Event
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All Meetings
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Additional Information

Issue Number:

2016040301

Submitted by:

General Interest Question

Category:

Credit Event

Coverage Election:

2014 and 2003 Definitions

Status:

Closed

Outcome:

Question Decided
Procedural History
- Closed
  
  Japan DC Decision 23052016 - Sharp Corporation (Issue Number 2016040301)
  May 23, 2016: The DC continued discussions in respect of the potential Restructuring Credit Event relating to Sharp Corporation and resolved that no Restructuring Credit Event had occurred in these circumstances. The reasoning behind the determination of the DC that no Restructuring Credit Event had occurred in respect of Sharp Corporation was that, based on the information available, the short extension of the maturity of the debt due on March 31, 2016 was considered by the DC to be part of a refinancing process and not caused by a deterioration in the creditworthiness of Sharp Corporation.
  5/23/2016 07:00am EDT
- Ongoing
  
  Japan DC Decision 20052016 - Sharp Corporation (Issue Number 2016040301)
  May 20, 2016: The Japan DC met on Friday 20 May 2016 to discuss the DC Question and agreed to meet again on Monday 23 May 2016 to continue discussions on the DC Question.
  5/20/2016 06:30am EDT
- Ongoing
  
  Japan DC Decision 13052016 - Sharp Corporation (Issue Number 2016040301)
  May 13, 2016: The Japan DC met on Friday 13 May 2016 to discuss the DC Question and agreed to meet again on a date to be selected by the DC Secretary, which, in any event, will be no later than Friday 20 May 2016, to continue discussions on the DC Question.
  5/13/2016 06:30am EDT
- Ongoing
  
  Japan DC Decision 06052016 - Sharp Corporation (Issue Number 2016040301)
  May 6, 2016: The Japan DC decided on Friday 6 May 2016 to defer the next meeting to discuss this DC Question to another date to be selected by the DC Secretary, which, in any event, will be no later than Friday 13 May 2016.
  5/06/2016 11:05am EDT
- Request Accepted by DC
  
  Japan DC Decision 22042016 - Sharp Corporation (Issue Number 2016040301)
  April 22, 2016: The Japan DC met on Friday 22 April 2016 to discuss the DC Question and agreed to meet again on a date to be selected by the DC Secretary, which, in any event, will be no later than Friday 6 May 2016, to continue discussions on the DC Question.
  4/22/2016 08:05am EDT
- Request Accepted by DC
  
  Japan DC Decision 13042016 - Sharp Corporation (Issue Number 2016040301)
  April 13, 2016: The Japan DC met on Wednesday 13 April 2016 to discuss the DC Question and agreed that translations of information already received and further information was required for this DC Question to be considered. The Japan DC resolved to meet again on a date to be selected by the DC Secretary, which, in any event, will be no later than next Friday 22 April 2016, to continue discussions on the DC Question.
  4/13/2016 05:45am EDT
- Request Accepted by DC
  
  Japan DC Decision 07042016 - Sharp Corporation (Issue Number 2016040301)
  April 7, 2016: The Japan DC met on Thursday 7 April 2016 to discuss the DC Question and agreed that further information was required for this DC Question to be considered. The Japan DC resolved to meet again on Wednesday 13 April 2016 to continue discussions on the DC Question.
  4/07/2016 12:45pm EDT
- Request Accepted by DC
  
  4/05/2016 10:15am EDT
- Pending DC Consent
  
  4/04/2016 07:40am EDT