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yesterday

Nissan Moves to Secure Trillion-Yen Rescue with UK-Backed Loan Guarantee

Nissan seeks urgent financing for a looming 2026 debt wall through convertible bonds alongside a £1bn UK Export Finance guarantee.

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Nissan’s factory in Sunderland is currently operating at barely half capacity
The logo of Nissan is pictured in Cuautitlan Izcalli, Mexico, January 30, 2025 REUTERS/Raquel Cunha/File Photo

Overview

  • Nissan plans to raise more than 1 trillion yen ($8.9 billion) this quarter via convertible securities, high-yield bonds and asset sales.
  • UK Export Finance will guarantee a £1 billion syndicated loan to support Nissan’s Sunderland plant and broader operations.
  • Chief executive Ivan Espinosa has proposed eliminating 20,000 jobs and closing seven of 17 global factories by March 2028.
  • The company faces a roughly $5.6 billion debt repayment in 2026 and forecasts cash reserves dipping to near zero by March that year.
  • Asset-disposal plans include selling stakes in Renault and battery maker AESC as well as sale-and-leaseback deals for properties in Yokohama and the United States.