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Nippon Steel secures $5.7 billion of loans for US Steel takeover

Kitco Media
By Reuters
Published:
Updated:
Reuters
Nippon Steel secures $5.7 billion of loans for US Steel takeover teaser image

Nippon Steel has secured loans totalling 900 billion yen ($5.67 billion) from the Japan Bank for International Cooperation (JBIC) and major Japanese private lenders for its acquisition of US Steel, it said in a statement on Wednesday.

The lenders include Japan’s three “megabanks” – Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank – as well as Sumitomo Mitsui Trust Bank.

($1 = 158.7600 yen)

(By Kaori Kaneko and Anton Bridge; Editing by Jamie Freed)

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