EX-10.12





 Exhibit 10.12 

EXECUTION VERSION 
 FIRST
AMENDMENT TO FIVE YEAR CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO CREDIT AGREEMENT, dated as of January 26, 2018 (this
“Amendment”), is among AMERICAN HONDA FINANCE CORPORATION, (the “Borrower”) the banks party hereto, The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Administrative Agent and the other agents party hereto. Terms are
defined in the Credit Agreement unless otherwise defined herein. 
 WHEREAS, the Borrower, the Banks and the Administrative Agent are
parties to that certain $1,400,000,000 Five Year Credit Agreement dated as of March 3, 2017 (the “Credit Agreement”); and 

WHEREAS, the Borrower has requested that the Commitment Termination Date be extended by one (1) year and that
Section 2.8 of the Credit Agreement be amended, as set forth herein. 
 NOW, THEREFORE, in consideration of the
premises and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows: 

SECTION 1. AMENDMENTS TO CREDIT AGREEMENT. Effective as of the Amendment Effective Date (as hereinafter defined), the Credit Agreement is
hereby amended as follows: 
 1.1 Amendment to Section 1. The definition of “Commitment Termination Date”
is amending by deleting “March 3, 2022” and inserting “March 3, 2023” in lieu thereof. 
 1.2 Amendment to
Section 2. Section 2.8 is hereby amended by deleting Section 2.8(b) in its entirety and replacing it with the following in lieu thereof: 

“(b) Bank Elections to Extend. Within 20 days of receipt of such notice from the Administrative Agent (or such later date as the
Administrative Agent and the Borrower agree to in their sole discretion), each Bank shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Bank’s sole and absolute
discretion). Any Bank not responding within the foregoing period shall be deemed not to have consented to such extension (any such Bank and any Bank not consenting to such extension, a “Non-Extending
Bank”). The election of any Bank to agree to such extension shall not obligate any other Bank to so agree. 
 1.3 Amendment to
Section 2. Section 2.8 is hereby amended by deleting Section 2.8(c) in its entirety and replacing it with the following in lieu thereof: 

  
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 “(c) Notification by the Administrative Agent. The Administrative Agent shall
notify the Borrower of each Bank’s determination under this Section not later than the date 30 days prior to the applicable Loan Anniversary (or such later date as the Administrative Agent and the Borrower agree to in their sole discretion) or,
if such date is not a Business Day, on the next preceding Business Day.” 
 1.4 Amendment to Schedule I. Schedule I is
hereby amended by deleting Schedule I in its entirety and replacing it with the schedule set forth in Annex I attached hereto. 

SECTION 2. CONDITIONS PRECEDENT. This Amendment shall become effective as of March 2, 2018 (the “Amendment Effective
Date”) when each of the following conditions precedent have been satisfied in form and substance satisfactory to the Administrative Agent: 

(a) the Administrative Agent shall have received counterparts of this Amendment, duly executed by each of the Borrower, the
Banks and the Administrative Agent; 
 (b) the Administrative Agent shall have received an Authorized Officer’s
Certificate of the Borrower (i) certifying and attaching the resolutions adopted by the Borrower’s Board of Directors or Funding Committee, as the case may be, approving or consenting to this Amendment and such extension and
(ii) certifying that, before and after giving effect to this Amendment and such extension, (A) the representations and warranties of the Borrower contained in Section 8 of the Credit Agreement are true and correct
in all material respects (except, if a qualifier relating to materiality, Material Adverse Effect or similar concept applies to any representation or warranty, such representation or warranty shall be true and correct in all respects) on and as of
the Amendment Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this
Section 2, the representations and warranties contained in Section 8.4(b) of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to
Section 9.1 of the Credit Agreement, and (B) no Default or Event of Default exists; 
 (c) the
Administrative Agent shall have received reimbursement from the Borrower for costs incurred in connection with this Agreement and all reasonable fees and expenses of counsel to the Administrative Agent shall have been paid; and 

(d) the Administrative Agent shall have received an executed counterpart of the Master Transfer Supplement, dated on or about
the date hereof, with respect to the Credit Agreement. 
 SECTION 3. REPRESENTATIONS AND WARRANTIES. To induce the Banks to enter into this
Amendment, the Borrower hereby represents and warrants to the Banks and the Administrative Agent as follows: 

  
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 3.1 Due Authorization, Non-Contravention,
etc. The execution, delivery and performance by the Borrower of this Amendment have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of the
Borrower’s organization documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under any order, injunction, writ or decree of any Governmental
Authority or any arbitral award to which such Person or its property is subject; or (c) violate any law. 
 3.2 No Consents. No
consent, approval, authorization, order or decree of, or notice to or filing with, any Governmental Authority is required for the consummation of the transactions contemplated by this Amendment, except for such informational filings as may be
required under applicable securities laws. 
 3.3 Validity, etc. This Amendment has been duly executed and delivered by the Borrower.
This Amendment constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms. 

3.4 No Default. No Default has occurred and is continuing or will result from the execution and delivery or effectiveness of this
Amendment. 
 3.5 Representations and Warranties. The representations and warranties of the Borrower contained in
Section 8 of the Credit Agreement (as amended hereby) and in the other Credit Documents are true and correct in all material respects (except, if a qualifier relating to materiality, Material Adverse Effect or a similar
concept applies to any such representation or warranty, such representation or warranty is true and correct in all respects) on and as of the Amendment Effective Date and after giving effect thereto, as though made on and as of the Amendment
Effective Date, with the same effect as though made on such date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all respects as of such earlier date). 

SECTION 4. MISCELLANEOUS. 
 4.1
Continuing Effectiveness, etc. This Amendment shall be deemed to be an amendment to the Credit Agreement, and the Credit Agreement, as amended hereby, and all other Credit Documents shall remain in full force and effect and each is hereby
ratified, approved and confirmed in each and every respect. After the effectiveness of this Amendment in accordance with its terms, all references to the Credit Agreement in the Credit Documents or in any other document, instrument, agreement or
writing shall be deemed to refer to the Credit Agreement as amended hereby. 
 4.2 Payment of Costs and Expenses. The Borrower agrees
to pay on demand all out-of-pocket costs and expenses of the Administrative Agent (including the reasonable fees and disbursements of counsel to the Administrative
Agent) in connection with the negotiation, preparation, execution and delivery of this Amendment. 
 4.3 Severability. Any provision
of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such provision and such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions


  
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of this Amendment or affecting the validity or enforceability of such provision in any other jurisdiction. 

4.4 Headings. The various headings of this Amendment are inserted for convenience only and shall not affect the meaning or
interpretation of this Amendment or any provisions hereof. 
 4.5 Execution in Counterparts. This Amendment may be executed by the
parties hereto in several counterparts (and by different parties hereto in different counterparts), each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. Delivery of an executed
signature page of this Amendment by facsimile transmission or electronic “.pdf” file shall be effective as delivery of a manually executed counterpart hereof. 

4.6 Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

4.7 Successors and Assigns. Subject to any restrictions on assignment contained in the Credit Agreement, the Credit Agreement and this
Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. 

[Signatures follow] 

  
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 IN WITNESS WHEREOF, the undersigned have duly executed this First Amendment to Credit
Agreement as of the date first set forth above. 
  

			
	AMERICAN HONDA FINANCE CORPORATION


 
			
		
	By:	 	 /s/ Paul C. Honda

	Name:	 	Paul C. Honda
	Title:	 	Vice President and Assistant Secretary



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
	as Administrative Agent and as Auction Agent


 
			
		
	By:	 	 /s/ Lawrence Blat

	Name:	 	Lawrence Blat
	Title:	 	Authorized Signatory


 
			
	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
	as a Bank


 
			
		
	By:	 	 /s/ Ryoichi Morita

	Name:	 	Ryoichi Morita
	Title:	 	Managing Director



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	JPMORGAN CHASE BANK, N.A.,
	as a Bank


 
			
		
	By:	 	 /s/ Evelyn Crisci

	Name:	 	Evelyn Crisci
	Title:	 	Executive Director



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	BARCLAYS BANK PLC,
	as a Bank


 
			
		
	By:	 	 /s/ Craig Malloy

	Name:	 	Craig Malloy
	Title:	 	Director



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	BANK OF AMERICA, N.A.,
	as a Bank


 
			
		
	By:	 	 /s/ Zachary Griffith

	Name:	 	Zachary Griffith
	Title:	 	Associate



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	BNP PARIBAS,
	as a Bank


 
			
		
	By:	 	 /s/ Nader Tannous

	Name:	 	Nader Tannous
	Title:	 	Managing Director


 
			
		
	By:	 	 /s/ Todd Grossnickle

	Name:	 	Todd Grossnickle
	Title:	 	Director



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	CITIBANK, N.A.,
	as a Bank
		
	By:	 	 /s/ Susan Olsen

	Name: Susan Olsen
	Title:   Vice President



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	MIZUHO BANK, LTD., LOS ANGELES BRANCH,
	as a Bank
		
	By:	 	 /s/ Mitsuhiro Sakamoto

	Name: Mitsuhiro Sakamoto
	Title:   Managing Director



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	DEUTSCHE BANK AG NEW YORK BRANCH,
	as a Bank
		
	By:	 	 /s/ Ming K. Chu

	Name: Ming K. Chu
	Title:   Director
		
	By:	 	 /s/ Sanjeev Punjabi

	Name: Sanjeev Punjabi
	Title:   Managing Director



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	SOCIÉTÉ GÉNÉRALE,
	as a Bank
		
	By:	 	 /s/ John Hogan

	Name: John Hogan
	Title:   Director



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	SUMITOMO MITSUI BANKING CORPORATION,
	as a Bank
		
	By:	 	 /s/ Hiroyuki Suzuki

	Name: Hiroyuki Suzuki
	Title:   Executive Director



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as a Bank
		
	By:	 	 /s/ Matt J. Perrizo

	Name: Matt J. Perrizo
	Title:   Vice President



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	LLOYDS BANK PLC,
	as a Bank
		
	By:	 	 /s/ Cheryl Wilson

	Name: Cheryl Wilson
	Title:   Head of Operations, North America
		
	By:	 	 /s/ Jennifer Larrow

	Name: Jennifer Larrow
	Title:   Assistant Manager Transaction Execution



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	 THE ROYAL BANK OF CANADA,

	 as a Bank

		
	 By:
	 	 /s/ Edward D. Herko

	 Name: Edward D. Herko

	 Title:   Authorized Signatory




  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	THE TORONTO-DOMINION BANK, NEW YORK BRANCH, as a Bank
		
	By:	 	 /s/ Annie Dorval

	Name: Annie Dorval
	Title:   Authorized Signatory



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	U.S. BANK NATIONAL ASSOCIATION,
	as a Bank
		
	By:	 	 /s/ Jeff Benedix

	Name: Jeff Benedix
	Title:   Vice President



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	THE NORINCHUKIN BANK, NEW YORK BRANCH,
	as a Bank
		
	By:	 	 /s/ Toru Wada

	Name: Toru Wada
	Title:   General Manager



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	THE BANK OF NEW YORK MELLON,
	as a Bank
		
	By:	 	 /s/ John T. Smathers

	Name: John T. Smathers
	Title:   Director



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 
			
	 THE AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED, as a Bank

 

	By:	 	 /s/ Robert Grillo

	Name: Robert Grillo
	Title:   Director



  
 [Signature Page to First
Amendment to Five Year Credit Agreement] 













 ANNEX I TO FIRST 

AMENDMENT 

SCHEDULE I 

Commitments 
  

					
	 Bank
	  	Commitment	 
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	 135,000,000.00	 
	 JPMorgan Chase Bank, N.A.
	  	$	 135,000,000.00	 
	 Bank of America, N.A.
	  	$	 130,000,000.00	 
	 Barclays Bank PLC
	  	$	 130,000,000.00	 
	 BNP Paribas
	  	$	 130,000,000.00	 
	 Citibank, N.A.
	  	$	 130,000,000.00	 
	 Mizuho Bank, Ltd., Los Angeles Branch
	  	$	 86,000,000.00	 
	 Deutsche Bank AG New York Branch
	  	$	 84,000,000.00	 
	 Société Générale
	  	$	 84,000,000.00	 
	 Sumitomo Mitsui Banking Corporation
	  	$	 84,000,000.00	 
	 Wells Fargo Bank, National Association
	  	$	 60,000,000.00	 
	 Lloyds Bank plc
	  	$	 38,000,000.00	 
	 Royal Bank of Canada
	  	$	 38,000,000.00	 
	 The Toronto Dominion Bank, New York Branch
	  	$	 38,000,000.00	 
	 U.S. Bank National Association
	  	$	 38,000,000.00	 
	 The Norinchukin Bank, New York Branch
	  	$	 20,000,000.00	 
	 The Bank of New York Mellon
	  	$	 20,000,000.00	 
	 The Australia and New Zealand Banking Group Limited
	  	$	 20,000,000.00	 
		  	  
	  
	 
	 Total:
	  	$	1,400,000,000.00	 
		  	  
	  
	 


  
 Annex I - 1