Nippon Steel secures $5.7 billion of loans for U.S. Steel takeover

ReutersMar 18, 2026 5:09 AM

TOKYO, March 18 (Reuters) - Nippon Steel 5401.T 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 U.S. Steel, it said in a statement on Wednesday.

The lenders include Japan's three "megabanks" - Mitsubishi UFJ Bank 8306.T, Sumitomo Mitsui Banking Corporation 8316.T and Mizuho Bank 8411.T - as well as Sumitomo Mitsui Trust Bank.

($1 = 158.7600 yen)

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