ArcelorMittal announces publication of notice of redemption of its U.S. $1,500,000,000 6.125% Notes due June 1, 2018
28 Novembre 2017 - 6:43PM
ArcelorMittal S.A. / ArcelorMittal announces publication of
notice of redemption of its U.S. $1,500,000,000 6.125% Notes due
June 1, 2018 . Processed and transmitted by Nasdaq Corporate
Solutions. The issuer is solely responsible for the content of this
announcement.
| |
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/
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ArcelorMittal S.A. via Globenewswire
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ArcelorMittal S.A.
Berkeley Square House; 7th Floor London UK
ISIN: LU1598757687;
ArcelorMittal (EU:MT)
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