Nippon Steel secures $5.7 billion of loans for U.S. Steel takeover

Nippon Steel has secured loans totalling 900 billion yen ($5.67 billion) from the Japan Bank for International Cooperation (JBIC) and major Japanese private lenders for its acquisition of U.S. Steel, it said in a statement on Wednesday. The lenders include Japan's three "megabanks" - Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank - as well as Sumitomo Mitsui Trust Bank. ($1 = 158.7600 yen)