ArcelorMittal extends conversion date for $1bn mandatory convertible bond
November 23 2015 - 1:00AM
ArcelorMittal S.A. / ArcelorMittal extends conversion date for
$1bn mandatory convertible bond . Processed and transmitted by
NASDAQ OMX Corporate Solutions. The issuer is solely responsible
for the content of this announcement.
23 November 2015 - ArcelorMittal
announces the extension of the conversion date for the $1bn
privately placed mandatory convertible bond (MCB) issued on 28
December 2009 by one of its wholly-owned Luxembourg subsidiaries.
This amendment to the MCB, which is mandatorily convertible into
preferred shares of such subsidiary, was executed on 20 November
2015. The mandatory conversion date of the bond has been extended
to 31 January 2018. The other main features of the MCB remain
unchanged. The bond was placed privately with a Luxembourg
affiliate of Credit Agricole Corporate and Investment Bank and is
not listed.
The subsidiary has simultaneously executed
amendments providing for the extension of the outstanding notes
into which it invested the proceeds of the bond issuance, which are
linked to shares of the listed companies Eregli Demir Va Celik Fab.
T. AS of Turkey and China Oriental, both of which are held by
ArcelorMittal subsidiaries".
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 and our mining
business is an essential part of our growth strategy. 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 2014, ArcelorMittal had
revenues of US$79.3 billion and crude steel production of 93.1
million tonnes, while own iron ore production reached 63.9 million
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 |
+35247923198 |
Americas |
+13128993985 |
Retail |
+35247923198 |
SRI |
+442075431123 |
Bonds/Credit |
+33171921026 |
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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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Sophie Evans (head of media relations) |
+442032142882 |
Paul Weigh |
+442032142419 |
Laura Nutt
Isabelle Cornelis |
+442075431125
+442032142453 |
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United Kingdom |
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Maitland Consultancy |
+442073795151 |
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France |
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Sylvie Dumaine / Anne-Charlotte Creach |
+33153707470
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This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ArcelorMittal S.A. via Globenewswire
HUG#1968532
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