11 June 2024, 08:00 CET
ArcelorMittal (‘the Company’ or ‘the Issuer’) priced yesterday
an offering of US$500 million aggregate principal amount of 6.00%
notes due 17 June 2034 and US$500 million aggregate principal
amount of 6.35% notes due 17 June 2054 (the ‘Notes’).
The net proceeds to ArcelorMittal (before expenses), amounting
to approximately $989,290,000, will be used for general corporate
purposes.
The offering is scheduled to close on 17 June 2024, subject to
satisfaction of customary conditions.
The Issuer has filed a registration statement (including
a prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the
Issuer has filed with the SEC for more complete information about
the Issuer and this offering. You may get these documents for free
by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the Issuer, any underwriter or any dealer
participating in the offering will arrange to send you the
prospectus if you request it by contacting J.P. Morgan Securities
LLC by calling collect at 1-212-834-4533; BofA Securities, Inc. by
calling 1-800-294-1322; Citigroup Global Markets Inc. by calling
toll-free: 1-800-831-9146; Goldman Sachs & Co. LLC by calling
toll-free: 1-866-471-2526; RBC Capital Markets, LLC. by calling
toll-free: 1-866-375-6829; or SMBC Nikko Securities America, Inc.
by calling toll free: 1-888-868-6856.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor will there be
any sale of securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
This press release may contain forward-looking information and
statements about ArcelorMittal and its subsidiaries. These
statements include financial projections and estimates and their
underlying assumptions, statements regarding plans, objectives and
expectations with respect to future operations, products and
services, and statements regarding future performance.
Forward-looking statements may be identified by the words
"believe," "expect," "anticipate," "target" or similar expressions.
Although ArcelorMittal's management believes that the expectations
reflected in such forward-looking statements are reasonable,
investors and holders of ArcelorMittal's securities are cautioned
that forward-looking information and statements are subject to
numerous risks and uncertainties, many of which are difficult to
predict and generally beyond the control of ArcelorMittal, that
could cause actual results and developments to differ materially
and adversely from those expressed in, or implied or projected by,
the forward-looking information and statements. These risks and
uncertainties include those discussed or identified in the filings
with the Luxembourg Stock Market Authority for the Financial
Markets (Commission de Surveillance du Secteur Financier) and the
United States Securities and Exchange Commission (the "SEC") made
or to be made by ArcelorMittal, including ArcelorMittal's Annual
Report on Form 20-F for the year ended December 31, 2023 filed on
February 28, 2024, and ArcelorMittal’s first quarter earnings
release furnished to the SEC on Form 6-K on May 28, 2024 filed with
the SEC. ArcelorMittal undertakes no obligation to publicly update
its forward-looking statements, whether as a result of new
information, future events, or otherwise.
No communication and no information in respect of the offering
of securities may be distributed to the public in any jurisdiction
where a registration or approval is required. The offering or
subscription of securities 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 does not comprise a
prospectus for the purposes of Regulation (EU) 2017/1129, amended
(the “Prospectus Regulation”), or the Prospectus Regulation as it
forms part of domestic law in the United Kingdom by virtue of the
European Union (Withdrawal) Act 2020, as amended. This press
release does not constitute or form part of, and should not be
construed as, an offer to sell, or the solicitation or invitation
of any offer to buy or subscribe for, any securities in any
jurisdiction or an inducement to enter into investment activity. No
part of this press release, nor the fact of its distribution,
should form the basis of, or be relied on in connection with, any
contract or commitment or investment decision whatsoever. Any
purchase of any securities should be made solely on the basis of
the offering memorandum prepared in connection with the issuance of
securities by ArcelorMittal, which will contain the definitive
terms of the securities transactions described herein.
This press release is only addressed to and directed at persons
in member states of the European Economic Area who are not Retail
Investors and should not be acted upon or relied upon in any member
state of the European Economic Area by persons who are Retail
Investors. For these purposes, (a) a Retail Investor means a person
who is one (or more) of: (i) a retail client as defined in point
(11) of Article 4(1) of Directive 2014/65/EU (as amended, "EU MiFID
II"); or (ii) a customer within the meaning of Directive (EU)
2016/97 (as amended), where that customer would not qualify as a
professional client as defined in point (10) of Article 4(1) of EU
MiFID II; or (iii) not a qualified investor (as defined in the
Prospectus Regulation ; and (b) the expression an “offer” includes
the communication in any form and by any means of sufficient
information on the terms of the offer and the Notes to be offered
so as to enable an investor to decide to purchase or subscribe for
the Notes. This press release is only addressed to and directed at
persons in the United Kingdom who are not Retail Investors and
should not be acted upon or relied upon the United Kingdom by
persons who are Retail Investors. For these purposes, (a) a Retail
Investor means a person who is one (or more) of: (i) a retail
client, as defined in point (8) of Article 2 of Regulation (EU) No
2017/565 as it forms part of domestic law by virtue of the European
Union (Withdrawal) Act 2018 (the "EUWA"); or (ii) a customer within
the meaning of the provisions of the Financial Services and Markets
Act 2000 (as amended, “FSMA”) and any rules or regulations made
under the FSMA to implement Directive (EU) 2016/97, where that
customer would not qualify as a professional client, as defined in
point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it
forms part of domestic law by virtue of the EUWA; or (iii) not a
qualified investor, as defined in Article 2 of the Prospectus
Regulation as it forms part of domestic law by virtue of the EUWA;
and (b) the expression an “offer” includes the communication in any
form and by any means of sufficient information on the terms of the
offer and the Notes to be offered so as to enable an investor to
decide to purchase or subscribe for the Notes.
This press release is directed only at persons in the United
Kingdom having professional experience in matters relating to
investments who fall within the definition of “investment
professionals” in Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 and to those
persons to whom it can otherwise lawfully be distributed.
No PRIIPs key information document (KID) has been prepared as
not available to retail investors in EEA or the UK.
ENDS
About ArcelorMittal
ArcelorMittal is one of the world’s leading integrated steel and
mining companies with a presence in 60 countries and primary
steelmaking operations in 15 countries. It is the largest steel
producer in Europe, among the largest in the Americas, and has a
growing presence in Asia through its joint venture AM/NS India.
ArcelorMittal sells its products to a diverse range of customers
including the automotive, engineering, construction and machinery
industries, and in 2023 generated revenues of $68.3 billion,
produced 58.1 million metric tonnes of crude steel and 42.0 million
tonnes of iron ore.
Our purpose is to produce smarter steels for people and planet.
Steels made using innovative processes which use less energy, emit
significantly less carbon and reduce costs. Steels that are
cleaner, stronger and reusable. Steels for the renewable energy
infrastructure that will support societies as they transform
through this century. With steel at our core, our inventive people
and an entrepreneurial culture at heart, we will support the world
in making that change.
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).
http://corporate.arcelormittal.com/
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Contact
information ArcelorMittal Investor Relations |
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General |
+44 20 7543
1128 |
Retail |
+44 20 3214
2893 |
SRI |
+44 20 3214
2801 |
Bonds/CreditE-mail |
+33 171 921
026investor.relations@arcelormittal.com |
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Contact
information ArcelorMittal Corporate Communications |
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Paul
WeighTel:E-mail: |
+44 20
3214 2419press@arcelormittal.com |
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