Nippon Steel announced that it has secured approximately JPY 900 billion in long-term financing to support its acquisition of U.S. Steel. The loan package is provided by the Japan Bank for International Cooperation (JBIC) along with major Japanese lenders, including MUFG Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and Sumitomo Mitsui Trust Bank. 

Of the total, about JPY 550 billion comes from JBIC, with the remaining JPY 350 billion from private financial institutions. The deal represents one of Japan’s largest overseas manufacturing acquisition financings and its biggest investment in the North American steel sector. 

Nippon Steel stated that the funds will be used to fully repay approximately JPY 2 trillion in bridge loans, supported by prior financing measures, including subordinated loans and convertible bonds issued in 2025 and 2026.