Mar. 17, 2020
Nippon Steel Corporation
On March 16, 2020, AMNS Luxembourg Holding S.A. (“AMNS”), the parent company of the AM/NS India joint venture between NIPPON STEEL CORPORATION ("Nippon Steel") and ArcelorMittal, entered into a $5.146 billion ten-year term loan agreement with Japan Bank for International Cooperation, MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, Mizuho Bank Europe N.V. and Sumitomo Mitsui Trust Bank, Limited (London Branch).
The proceeds of the loan will be used to refinance in full the amounts borrowed by AMNS in connection with the acquisition of ArcelorMittal Nippon Steel India Limited (formerly known as Essar Steel India Limited).
Nippon Steel works with, develops, and applies world-leading technologies and manufacturing capabilities, and contributes to society through activities that match with the United Nations’ Sustainable Development Goals (SDGs), such as the Goal 9, “INDUSTRY, INNOVATION AND INFRASTRUCTURE.”
Public Relations Center Tel.: +81-3-6867-2135, 2146, 2977, 3419