NEWS RELEASE
Announcement of Closing of Financing throughCommitted Subordinated Term Loans
Sep. 18, 2025
Nippon Steel Corporation
Nippon Steel Corporation ("Nippon Steel") hereby announces that today Nippon Steel completed the financing of 500 billion yen in total by withdrawing funds from committed subordinated term loan facilities of a maximum total loan amount of 500 billion yen. The use of proceeds of this financing is to repay the short-term loans taken out for paying the consideration in connection with the merger between Nippon Steel’s wholly owned subsidiary in the U.S. and United States Steel Corporation, as noted in the announcement dated July 3, 2025.
Rating agencies (Japan Credit Rating Agency, Ltd., Rating and Investment Information, Inc., Moody's Japan K.K., and S&P Global Ratings Japan Inc.) regard 50% of the funds raised in the loan as equity for the purposes of their ratings.
【Reference Material】
・July 3, 2025
Notice of Financing by Subordinated Term Loans
https://www.nipponsteel.com/common/secure/en/news/20250703_100.pdf
https://www.nipponsteel.com/en/contact/