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 […]
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Nippon Steel secures $5.7 billion of loans for U.S. Steel takeover
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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 = 158.7600 yen)
(Reporting by Kaori Kaneko and Anton Bridge; Editing by Jamie Freed)