Loan for Acquiring a Global Energy Materials and Pipe Distributor
Supporting a Japanese company's overseas M&A

  • Area: North America
  • Manufacturing and Services

JBIC signed loan agreements with Sumitomo Mitsui Banking Corporation, the Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Bank, Ltd., and Sumitomo Corporation of Americas, a wholly owned U.S. subsidiary of Sumitomo Corporation, to provide a portion of the funds necessary for Sumitomo Corporation of Americas to acquire the U.S. company Edgen Group Inc. (Edgen). With this acquisition, Sumitomo Corporation gains a broader global distribution platform, including experienced staff, facilities, and an expanded specialized steel product offering that supports Sumitomo's growth strategy and continued development of a global energy infrastructure. By supporting the overseas business expansion of a Japanese company, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries.

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