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The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed today a loan agreement amounting to up to USD543 million (JBIC portion) with Mitsui & Co. Financial Services (U.S.A.) Inc. (MFSUSA), a US subsidiary of Mitsui & Co., Ltd. (MITSUI). The loan is co-financed with private financial institutions, bringing the total co-financing amount to USD906 million.
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The loan is intended to finance, through MFSUSA, the funds necessary for MITSUI’s US subsidiaries to conduct chemicals business, feed additives business, grain business, and food product materials business in the United States.
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MITSUI, as a general trading company, leads overseas business expansion in a wide range of fields including infrastructure, chemicals, healthcare, and mobility in addition to natural resource development, and is cultivating a number of new business fields. MFSUSA is supporting MITSUI’s business in the Americas by financing MITSUI’s subsidiaries in the region. The loan will support MITSUI’s overseas business expansion, thereby contributing toward maintaining and improving the international competitiveness of Japanese industry.
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As Japan’s policy-based financial institution, JBIC will continue to provide financial support to assist Japanese companies in the overseas expansion of their businesses by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.
