Japanese steel company Nippon Steel Corporation announced that it has received about 900 billion yen ($5.64 billion) in financing under a co-financing agreement led by the Japan Bank for International Cooperation (JBIC) along with major Japanese lenders.
The funds will be used to repay an interim loan that was originally used to finance the acquisition of shares related to a partnership between Nippon Steel's U.
S. subsidiary and United States Steel Corporation (US Steel).
Full refinancing of the bridge loan has been completed
The company said that a full bridge loan totaling about 2 trillion yen ($12.54 billion) has now been repaid through a combination of financial instruments.
In addition to the financing supported by JBIC, Nippon Steel secured a subordinated term loan of 500 billion yen in September 2025, as well as euro-denominated convertible bonds issued in March 2026 with maturities in 2029 and 2031.
This completes the company's transition from short-term interim financing to a permanent acquisition financing structure.
Strategic expansion in the US steel market
After the acquisition, Nippon Steel established an integrated steelmaking platform in the United States, which represents the world's largest market for high-quality steel products.
The company plans to invest about $11 billion in US Steel operations by the end of 2028 as part of its
