ArcelorMittal Announces Pricing of Bond Issue
July 12 2019 - 02:00AM
ArcelorMittal Announces Pricing of Bond Issue
Luxembourg, July 12, 2019 08:00 CET – ArcelorMittal (“the
Company” or "the Issuer") completed yesterday the pricing of its
offering of US$750 million aggregate principal amount of its 3.600%
notes due 2024 (the “Series 2024 Notes”) and US$500 million
aggregate principal amount of its 4.250% notes due 2029 (the
“Series 2029 Notes”).
The proceeds to ArcelorMittal (before expenses), amounting to
approximately $1.2 billion, will be used for general corporate
purposes including future repayment of existing indebtedness and to
partially pre-fund commitments under the Essar acquisition
financing facility.
The offering is scheduled to close on July 16, 2019, subject to
satisfaction of customary conditions.
The Issuer has filed a registration statement (including
a prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the
Issuer has filed with the SEC for more complete information about
the Issuer and this offering. You may get these documents for
free by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the Issuer, any underwriter or any dealer
participating in the offering will arrange to send you the
prospectus if you request it by contacting BofA Securities, Inc. by
emailing dg.prospectus_requests@baml.com, Citigroup Global Markets
Inc. by calling toll-free at (800) 831-9146 or emailing
prospectus@citi.com, Goldman Sachs & Co. LLC by calling
toll-free at (866) 471-2526 or by emailing
prospectus-ny@ny.email.gs.com, J.P. Morgan Securities LLC by
calling collect at (212) 834-4533 and RBC Capital Markets, LLC by
calling toll-free at (866) 375-6829.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor will there be
any sale of securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. This press release may contain forward-looking
information and statements about ArcelorMittal and its
subsidiaries. These statements include financial projections and
estimates and their underlying assumptions, statements regarding
plans, objectives and expectations with respect to future
operations, products and services, and statements regarding future
performance. Forward-looking statements may be identified by the
words "believe," "expect," "anticipate," "target" or similar
expressions. Although ArcelorMittal's management believes that the
expectations reflected in such forward-looking statements are
reasonable, investors and holders of ArcelorMittal's securities are
cautioned that forward-looking information and statements are
subject to numerous risks and uncertainties, many of which are
difficult to predict and generally beyond the control of
ArcelorMittal, that could cause actual results and developments to
differ materially and adversely from those expressed in, or implied
or projected by, the forward-looking information and statements.
These risks and uncertainties include those discussed or identified
in the filings with the Luxembourg Stock Market Authority for the
Financial Markets (Commission de Surveillance du Secteur Financier)
and the United States Securities and Exchange Commission (the
"SEC") made or to be made by ArcelorMittal, including
ArcelorMittal's Annual Report on Form 20-F for the year ended
December 31, 2018 filed with the SEC. ArcelorMittal undertakes no
obligation to publicly update its forward-looking statements,
whether as a result of new information, future events, or
otherwise. No communication and no information in respect of the
offering of securities may be distributed to the public in any
jurisdiction where a registration or approval is required. The
offering or subscription of securities may be subject to specific
legal or regulatory restrictions in certain jurisdictions.
ArcelorMittal takes no responsibility for any violation of any such
restrictions by any person.
In any EEA Member State, this communication is
only addressed to and directed at qualified investors in that
Member State within the meaning of Directive 2003/71/EC (such
Directive and amendments thereto, including Directive 2010/73/EU
together with any applicable implementing measures in the relevant
home Member State, the “Prospectus Directive”).
This communication is only being distributed to
and is only directed at (i) persons who are outside the United
Kingdom or (ii) investment professionals falling within Article
19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the “Order”) or (iii) high net worth
companies, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order
(all such persons together being referred to as “relevant
persons”). The Notes are only available to, and any
invitation, offer or agreement to subscribe, purchase or otherwise
acquire such Notes will be engaged in only with, relevant
persons. Any person who is not a relevant person should not
act or rely on this document or any of its contents.
MiFID II professionals/ECPs-only/No PRIIPs
KID.
Ends
About ArcelorMittal
ArcelorMittal is the world's leading steel and
mining company, with a presence in 60 countries and an industrial
footprint in 19 countries. Guided by a philosophy to produce safe,
sustainable steel, we are the leading supplier of quality steel in
the major global steel markets including automotive, construction,
household appliances and packaging, with world-class research and
development and outstanding distribution networks.
Through our core values of sustainability,
quality and leadership, we operate responsibly with respect to the
health, safety and wellbeing of our employees, contractors and the
communities in which we operate.
For us, steel is the fabric of life, as it is at
the heart of the modern world from railways to cars and washing
machines. We are actively researching and producing steel-based
technologies and solutions that make many of the products and
components people use in their everyday lives more energy
efficient.
We are one of the world’s five largest producers
of iron ore and metallurgical coal. With a geographically
diversified portfolio of iron ore and coal assets, we are
strategically positioned to serve our network of steel plants and
the external global market. While our steel operations are
important customers, our supply to the external market is
increasing as we grow.
In 2018, ArcelorMittal had revenues of $76.0
billion and crude steel production of 92.5 million metric tonnes,
while own iron ore production reached 58.5 million metric
tonnes.
ArcelorMittal is listed on the stock exchanges
of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and
on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS). For more information about ArcelorMittal please
visit: http://corporate.arcelormittal.com/
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Contact information ArcelorMittal Investor
Relations |
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Europe |
+44 20 7543 1156 |
Americas |
+1 312 899 3985 |
Retail |
+44 20 7543 1156 |
SRI |
+44 207543 1156 |
Bonds/Credit |
+33 171 921 026 |
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Contact information ArcelorMittal Corporate
Communications |
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E-mail: |
press@arcelormittal.com |
Phone: |
+442076297988 |
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ArcelorMittal Corporate Communications |
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Paul Weigh |
+44 20 3214 2419 |
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