Nissan Seeking to Raise $8.9b to Keep Operations on Track

Japanese automaker plans to take out $1.7b loan, sell assets to cope with record debt

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TOKYO - Nissan Motor, facing a huge loan repayment wall in 2026, is seeking to raise more than 1 trillion yen ($8.9 billion) from debt and asset sales to keep operations on track, according to documents seen by Bloomberg News.

The struggling Japanese automaker plans to issue as much as 630 billion yen in convertible securities and bonds, including high-yielding US dollar and euro notes, the documents show. Nissan also plans to take out a £1 billion ($1.7 billion) syndicated loan, guaranteed by UK Export Finance.

In addition, Nissan is seeking to sell part of the stakes it owns in Renault and battery maker AESC Group, as well as plants in South Africa and Mexico.

Sale-and-lease-back plans for its Yokohama headquarters, plus properties it owns in the United States, are also on the cards.

The aggressive and wide-ranging fund-raising plans underscore Nissan's rapidly deteriorating financial and operational position, despite efforts by newly appointed chief executive Ivan Espinosa to turn the company around.