Nippon Steel to raise $5.6B in subordinated loans to fund US Steel takeover

4 days ago 2
Steel coil transport

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Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF) said on Wednesday it will seek to raise ¥800B (~$5.6B) through two subordinated loans to partially fund its recent $14.9B acquisition of US Steel and refinance previous loans.

Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF) will use

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