ArcelorMittal announces publication of notice of redemption of the entire outstanding amount of its 5.125% Notes due June 1, ...
31 July 2019 - 1:00AM
30 July 2019, 17:00 CET - ArcelorMittal confirms that it has
given notice that it will redeem all of the outstanding (i) 5.125%
Notes due June 1, 2020 (CUSIP: 03938LAY0; ISIN: US03938LAY02) (the
“5.125% Notes”) and (ii) 5.250% Notes due August 5, 2020 (CUSIP:
03938L AQ7; ISIN: US03938LAQ77) (the “5.250% Notes”) on August 30,
2019 (the “Redemption Date”). Following prior tender offers, there
is currently the following outstanding principal amount of 5.125%
Notes and 5.250% Notes, respectively: U.S.$324,229,000
(original issuance of U.S.$500,000,000) and U.S.$625,630,000
(original issuance of U.S.$1,000,000,000).
The 5.125% 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 June
1, 2015, as supplemented by the first supplemental indenture dated
as of June 1, 2015, each among the Company, Wilmington Trust,
National Association, as trustee, and Citibank N.A., as securities
administrator) plus 50 basis points (the “5.125% Notes Redemption
Price”), in each case plus accrued and unpaid interest thereon to
the Redemption Date.
The 5.250% 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 third supplemental indenture dated
as of August 5, 2010, each between the Company and HSBC Bank USA,
National Association) plus 40 basis points (the “5.250% 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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