ArcelorMittal announces publication of notice of redemption of the entire outstanding amount of its 5.500% Notes due March 1,...
27 Novembre 2019 - 6:45PM
27 November 2019 –
18:45 CET
ArcelorMittal confirms that it has given notice that it will
redeem all of the outstanding 5.500% Notes due March 1, 2021
(CUSIP: 03938LAU8; ISIN: US03938LAU89) (the “5.500%
Notes”) on December 27, 2019 (the “Redemption
Date”). Following prior tender offers,
the current outstanding principal amount of the 5.500% Notes is
U.S.$756,095,000 (original issuance of U.S.$1,500,000,000).
The 5.500% Notes shall be redeemed at a price
equal to the greater of (1) 100% of the principal amount of the
Notes to be redeemed and (2) the sum of the present values of the
Remaining Scheduled Payments (as defined in the Indenture) of the
Notes to be redeemed, discounted to the date of redemption on a
semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate (as defined in the indenture
dated as of May 20, 2009, as supplemented by the fourth
supplemental indenture dated as of March 7, 2011, each between the
Company and HSBC Bank USA, National Association) plus 35 basis
points (the “Redemption Price”), in each case plus
accrued and unpaid interest thereon to the Redemption Date.
In each case, the Treasury Rate will be
calculated on the third business day preceding the Redemption
Date.
ENDS
About ArcelorMittal
ArcelorMittal is the world's leading steel and
mining company, with a presence in 60 countries and an industrial
footprint in 18 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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