Citi joins $4.6B loan for Japan-U.S. energy infrastructure deal

Citi, through Citibank, N.A., Tokyo Branch, participated as a lender and agent in a syndicated loan facility totaling approximately $4.6 billion extended to U.S. entities established by the Japan Bank for International Cooperation (JBIC), according to a press release from the bank.

The financing was provided to Japan Invest 4 LLC and Japan Invest 5 LLC, two U.S. investment companies established by JBIC, to fund investments in natural gas-fired power generation projects in Pennsylvania and Texas. The portion of the financing provided by private-sector financial institutions is covered by insurance from Nippon Export and Investment Insurance (NEXI).

The transaction supports the first investment under the second wave of projects promoted through the Strategic Investment Initiative, pursuant to a Memorandum of Understanding on Strategic Investment announced by the governments of Japan and the United States in September 2025. The two projects are intended to address growing electricity demand in the United States and support infrastructure for AI and advanced industries, including data centers.

Robert Nakamura, Citi Country Officer and Head of Banking for Japan, said: "We are grateful for the opportunity to support Japan and the United States in this important public and private sector effort to promote strategic infrastructure development under the Japan-U.S. Strategic Investment Initiative."

Shahmir Khaliq, Head of Services for Citi, said: "Citi's global network, combined with the capabilities of our Public Sector Banking, Export & Agency Finance, and Loan Agency teams, positions us to support complex financing transactions involving public sector institutions and private capital across markets."

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