Nissan Motor Co. is aiming to raise over $7 billion through a mix of debt issuance and asset sales to stabilize its operations ahead of a major debt maturity in 2026, according to internal documents reported by Bloomberg News on Wednesday. The initiative includes a $1.4 billion syndicated loan backed by UK Export Finance as well as plans to issue up to $4.36 billion in convertible securities and high-yield bonds in both U.S. dollars and euros.
The funds are critical to addressing a looming liquidity crunch with internal forecasts projecting near-zero excess cash by March 2026. Nissan and its affiliated firms are also facing $5.6 billion in debt repayments next year, its largest upcoming maturity based on Bloomberg data.
To generate additional capital, Nissan is exploring the sale of a portion of its 15% stake in Renault SA, divestment of equity in battery maker AESC Group Ltd. and the sale of plants in Mexico and South Africa. It is also considering sale-and-leaseback deals for its Yokohama headquarters and other U.S. properties.
These aggressive funding measures follow a challenging fiscal year in which Nissan posted a $4.64 billion net loss. New CEO Ivan Espinosa is pushing a wide-ranging restructuring plan that includes eliminating 20,000 jobs and closing seven of its 17 manufacturing facilities by March 2028. Two of those closures are expected to occur in Japan, representing nearly a third of Nissan’s domestic production.
The company’s financial strategy also comes amid broader market challenges. If U.S. tariffs imposed in April remain in place, Nissan projects an operating loss of up to $3.11 billion in the 2026 fiscal year, its largest on record.
Despite current challenges, Nissan has around $15.22 billion in cash and unused credit lines, which it expects to sustain operations for 12 to 18 months. It has not issued a full-year profit forecast citing market uncertainties.
In the U.K., Nissan has committed to a $2.7 billion investment to scale EV production at its Sunderland plant, the country’s largest auto manufacturing hub. The effort is part of a broader push supported by UK Export Finance and is viewed as a long-term bet on electric mobility amid shifting global trade dynamics.
