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

Summary by WTVB
TOKYO, March 18 (Reuters) – 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 U.S. ⁠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 …

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WTVB broke the news in on Wednesday, March 18, 2026.
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