Nippon Steel Corporation has announced the signing of committed subordinated term loan agreements totaling 500 billion yen. The loans are intended to repay short-term bridge loans used in the merger between Nippon Steel's U.S. subsidiary and United States Steel Corporation. Additionally, Nippon Steel plans to make a prepayment of 300 billion yen on existing subordinated term loans on July 22, 2025. The new loans, agreed upon on July 3, 2025, have a planned drawdown date of July 22, 2025, and a maturity date set for June 13, 2061, with optional prepayment possible from June 13, 2031, onwards.
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