ArcelorMittal announces publication of notice of redemption of its U.S. $1,500,000,000 6.125% Notes due June 1, 2018
November 28 2017 - 12:44PM
|
Luxembourg, November 28, 2017 - ArcelorMittal confirms that it
has given notice that it will redeem all of its outstanding
U.S.$643,509,000 of its U.S.$1,500,000,000 6.125% Notes due June 1,
2018 (the "Notes") (CUSIP: 03938LAF1; 03938LAD6; L0302DAN3)
on December 28, 2017 (the "Redemption Date") at a price (the
"Redemption 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) plus 40 basis points, in each case plus
accrued and unpaid interest thereon to the Redemption Date. 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 2016, ArcelorMittal had revenues of $56.8 billion and crude
steel production of 90.8 million tonnes, while own iron ore
production reached 55.2 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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