Arcelormittal Announces The Completion Of A "Tap Issue" Of Eur250 Million, With A Yield To Maturity Of 0.984%, Of Its 2.250% ...
July 04 2019 - 8:15AM
UK Regulatory
TIDMMT
Luxembourg, 4 July 2019, 14:15 CET
ArcelorMittal announces the completion of an issuance of EUR250 million
of its 2.250% notes due 17 January 2024 (the "Notes"), which will be
consolidated and form a single series with the existing EUR750 million
2.250 per cent. notes due 17 January 2024, originally issued on 17
January 2019. At the time of pricing the "tap" issuance, the yield to
maturity (representing the actual annual cost of the issuance for
ArcelorMittal) was 0.984%.
The issuance closed today. The Notes were issued under ArcelorMittal's
EUR10 billion wholesale Euro Medium Term Notes Programme.
The proceeds of the issuance will be used for general corporate
purposes.
Important note: This press release does not, and shall not, in any
circumstances constitute a public offering by ArcelorMittal of the Notes
nor an invitation to the public in connection with any offer. No
communication and no information in respect of the issuance of the Notes
may be distributed to the public in any jurisdiction where a
registration or approval is required. No steps have been or will be
taken in any jurisdiction where such steps would be required. The
offering or purchase of the Notes 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.
This press release is an advertisement and not a prospectus within the
meaning of Directive 2003/71/EC of the European Parliament and the
Council of November 4(th) , 2003 (as amended and supplemented from time
to time, including by Directive 2010/73/EU and any relevant implementing
measures in any member State of the European Economic Area (the "Member
States")), (the "Prospectus Directive").
The base prospectus of the EUR10 billion wholesale Euro Medium Term Note
Programme of ArcelorMittal dated as of 29 May 2019 and the supplement to
the base prospectus dated 21 June 2019 which together constitute a base
prospectus (the "Base Prospectus") and the final terms prepared by the
Issuer in connection with the issuance of the Notes have been prepared
on the basis that any offer of Notes in any Member State of the European
Economic Area (each, a "Relevant Member State") will be made pursuant to
an exemption under the Prospectus Directive, as implemented in that
Relevant Member State, from the requirement to publish a prospectus for
offers of the Notes.
In any Relevant Member State that has implemented the "Prospectus
Directive, this communication is only addressed to and directed at
qualified investors in that Member State within the meaning of the
Prospectus Directive.
Accordingly, any person making or intending to make an offer in that
Relevant Member State of the Notes may only do so in circumstances in
which no obligation arises for the Issuer or the joint lead managers
acting in connection with the issuance of the Notes to publish a
prospectus pursuant to Article 3 of the Prospectus Directive or
supplement a prospectus pursuant to Article 16 of the Prospectus
Directive, in each case, in relation to such offer. The Issuer and the
joint lead managers acting in connection with the issuance of the Notes
have not authorized the making of any offer of Notes in any other
circumstances. The Base Prospectus and the final terms referred to above
have been filed with the Commission de Surveillance du Secteur Financier
of Luxembourg and the Luxembourg Stock Exchange, respectively.
This press release is not an invitation nor is it intended to be an
inducement to engage in investment activity for the purpose of Section
21 of the Financial Services and Markets Act 2000 of the United Kingdom
(the "FSMA"). This press release is only being distributed to and is
only directed at (i) persons who are outside the United Kingdom; (ii)
persons who are investment professionals falling within the meaning of
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) of the United Kingdom (the "Financial
Promotion Order"); or (iii) high net worth entities, and other persons
to whom it may lawfully be communicated, falling within Article 49(2)(a)
to (d) of the Financial Promotion Order (all such persons together being
referred to as "Relevant Persons"). Any Notes will only be available to,
and any invitation, offer, agreement to subscribe, purchase or otherwise
acquire such Notes, or inducement to engage in any investment activity
included within this press release is available only to Relevant Persons
and will be engaged in only with Relevant Persons. Anyone other than a
Relevant Person must not act or rely on this press release or any of its
contents.
Solely for the purposes of the product governance requirements of
Directive 2014/65/EU on financial instruments, as amended ("MiFID II")
and local implementing measures and each manufacturer's product approval
process, the target market assessment in respect of the Notes has led to
the conclusion that: (i) the target market for the Notes is eligible
counterparties and professional clients only, each as defined in MiFID
II; and (ii) all channels for distribution of the Notes to eligible
counterparties and professional clients are appropriate (the "Target
Market Assessment"). Any person subsequently offering, selling or
recommending the Notes (a "distributor") should take into consideration
the manufacturers' Target Market Assessment; however, a distributor
subject to MiFID II is responsible for undertaking its own target market
assessment in respect of the Notes (by either adopting or refining the
manufacturers' target market assessment) and determining appropriate
distribution channels.
Notwithstanding the Target Market Assessment, distributors should note
that: the price of the Notes may decline and investors could lose all or
part of their investment; the Notes offer no guaranteed income and no
capital protection; and an investment in the Notes is compatible only
with investors who do not need a guaranteed income or capital protection,
who (either alone or in conjunction with an appropriate financial or
other adviser) are capable of evaluating the merits and risks of such an
investment and who have sufficient resources to be able to bear any
losses that may result therefrom. The Target Market Assessment is
without prejudice to any contractual, legal or regulatory selling
restrictions in relation to the offering.
For the avoidance of doubt, the Target Market Assessment does not
constitute: (a) an assessment of suitability or appropriateness for the
purposes of MiFID II; or (b) a recommendation to any investor or group
of investors to invest in, or purchase, or take any other action
whatsoever with respect to the Notes.
This press release does not constitute an offer to sell or a
solicitation of an offer to purchase any securities in the United
States. The Notes have not been and will not be registered under the
U.S. Securities act of 1933, as amended (the "Securities Act") or the
laws of any state within the U.S., and may not be offered or sold in the
United States or to or for the account or benefit of U.S. Persons,
except in a transaction not subject to, or pursuant to an applicable
exemption from, the registration requirements of the Securities Act or
any state securities laws. This press release and the information
contained herein may not be distributed or sent into the United States,
or in any other jurisdiction in which offers or sales of the Notes would
be prohibited by applicable laws and should not be distributed to United
States persons or publications with a general circulation in the United
States. No offering of the Notes has been made or will be made in the
United States.
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/
Contact information ArcelorMittal
Investor Relations
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
Contact information ArcelorMittal
Corporate Communications
mailto:press@arcelormittal.com
E-mail: press@arcelormittal.com
--------------------------------
Phone: +442076297988
ArcelorMittal Corporate Communications
Paul Weigh +44 20 3214 2419
(END) Dow Jones Newswires
July 04, 2019 08:15 ET (12:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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