Title of
Security |
CUSIP/ISIN |
Acceptance Priority
Level |
Principal Amount
Tendered after Early Tender Time |
Principal Amount
Accepted after Early Tender Time |
Tender
Consideration(3) |
7.000%
notes due 2039 |
03938LAP9/US03938LAP94 |
1 |
$3,530,000(1) |
$3,530,000 |
$1,120.00 |
6.750%
notes due 2041 |
03938LAS3/US03938LAS34 |
2 |
$188,000(2) |
$188,000 |
$1,103.00 |
- Excludes $428,331,000 aggregate principal amount of the 2039
Notes that were tendered at or prior to the Early Tender Time (as
defined below) and accepted for purchase by the Company, for which
the Company paid the Total Consideration, plus any accrued
interest, on the Early Settlement Date (as defined below).
- Excludes $194,412,000 aggregate principal amount of the 2041
Notes that were tendered at or prior to the Early Tender Time and
accepted for purchase by the Company, for which the Company paid
the Total Consideration, plus any accrued interest, on the Early
Settlement Date.
- Per $1,000 principal amount of Notes validly tendered after the
Early Tender Time and at or prior to the Expiration Time. Does not
include Accrued Interest (as defined below).
September 5, 2018 - ArcelorMittal (the "Company" or
"ArcelorMittal") announces the expiration and the final
results of its tender offers (the "Offers") to purchase for
cash, for a combined aggregate purchase price (exclusive of Accrued
Interest (as defined herein)) of up to $750,000,000 (the
"Maximum Tender Cap"), its outstanding 7.000% notes due 2039
(CUSIP 03938LAP9/ISIN US03938LAP94) (the "2039 Notes") and
6.750% notes due 2041 (CUSIP 03938LAS3/ISIN US03938LAS34)
(the "2041 Notes" and, together with the 2039 Notes, the
"Notes").
The Offers were made pursuant to an offer to purchase dated
August 7, 2018 (the "Offer to Purchase") which contains the
full terms and conditions of the Offers. The Offers expired at
11:59 p.m., New York City time, on September 4, 2018 (the
"Expiration Time").
On August 22, 2018 (the "Early Settlement Date"), the
Company made a payment in cash for all Notes tendered at or prior
to 5:00 p.m., New York City time, on August 20, 2018 (such time,
the "Early Tender Time") and not validly withdrawn. Taking
into account $725,304,306 (excluding related fees and accrued
interest) spent on Notes accepted for purchase as of the Early
Tender Time pursuant to the Offers, the portion of the Maximum
Tender Cap available for Notes tendered after the Early Tender Time
and at or prior to the Expiration Time was equal to
$24,695,694.
After the Early Tender Time and at or prior to the Expiration
Time, the Company received valid tenders in respect of $3,530,000
aggregate principal amount of 2039 Notes and $188,000 aggregate
principal amount of 2041 Notes.
Considering the $24,695,694 portion of the Maximum Tender Cap
available for Notes tendered after the Early Tender Time and at or
prior to the Expiration Time, all Notes tendered after the Early
Tender Time and at or prior to the Expiration Time are expected to
be accepted for purchase pursuant to the Offers.
Subject to the terms and conditions set forth in the Offer to
Purchase, with respect to Notes validly tendered after the Early
Tender Time but at or prior to the Expiration Time and accepted for
purchase pursuant to the Offers, the Company expects to pay the
Tender Consideration, together with any accrued and unpaid interest
from, and including, the immediately preceding interest payment
date applicable to the Notes to, but excluding, the Final
Settlement Date (the "Accrued Interest"), to the Holders
thereof on the second Business Day after the Expiration Time,
expected to be September 6, 2018 (the "Final Settlement
Date").
All Notes that are purchased by the Company in the Offers will
be retired and cancelled and no longer remain outstanding
obligations, and no interest will be payable on such Notes
following such cancellation.
Citigroup Global Markets Limited, Credit Agricole Securities
(USA) Inc., J.P. Morgan Securities LLC and Merrill Lynch
International acted as dealer managers for the Offers. D.F. King
acted as the information agent and tender agent in connection with
the Offers.
For additional information regarding the terms of the Offers,
please contact Citigroup Global Markets Limited by e-mail at
liabilitymanagement.europe@citi.com or by telephone at +44 20 7986
8969 (London) or +1 800 558 3745 (toll free within the U.S.) or
collect at +1 212 723 6106, Credit Agricole Securities (USA) Inc.
by telephone at +1 866 807 6030 (toll free within the U.S.) or
collect at +1 212 261 7802, J.P. Morgan Securities LLC by telephone
at +1 866 834 4666 (toll free within the U.S.) or collect at +1 212
834 3424 and Merrill Lynch International by e-mail at
DG.LM_EMEA@baml.com or by telephone at +44 20 7996 5420 (London) or
+1 888 292 0070 (toll free within the U.S.) or collect at +1 980
387 3907. Requests for documents and questions regarding the tender
of Notes may be directed to D.F. King via e-mail:
arcelor@dfking.com or telephone: New York: +1 800 499 8410 (toll
free within U.S.) or collect at
+ 1 212 269 5550 and London: +44 20 7920
9700.
Capitalized terms used and not defined herein have the meanings
ascribed to them in the Offer to Purchase.
Important Information
This press release is neither an offer to purchase nor a
solicitation to buy any Notes nor is it a solicitation for
acceptance of the Offers. This announcement must be read in
conjunction with the Offer to Purchase and the announcement dated
August 21, 2018. The distribution of this announcement and the
Offer to Purchase in certain jurisdictions may be restricted by
law. Persons into whose possession this announcement or the Offer
to Purchase comes are required by each of the Company, the Dealer
Managers and the Information and Tender Agent to inform themselves
about and to observe any such restrictions.
###
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 2017, ArcelorMittal had revenues of $68.7 billion and crude
steel production of 93.1 million tonnes, while own iron ore
production reached 57.4 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/
|
|
Contact information ArcelorMittal Investor Relations |
|
|
|
Europe |
+442075431156 |
Americas |
+13128993985 |
Retail |
+442075431156 |
SRI |
+442075431156 |
Bonds/Credit |
+33171921026 |
|
|
|
|
Contact information ArcelorMittal Corporate
Communications |
|
E-mail: |
press@arcelormittal.com |
Phone: |
+442076297988 |
|
|
|
|
ArcelorMittal Corporate Communications |
|
|
|
Paul
Weigh |
+442032142419 |
|
|
France |
|
Image 7 |
|
Sylvie Dumaine / Anne-Charlotte Creach |
+33153707470 |
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