Arcelor Mittal (NYSE:MT)
Historical Stock Chart
1 Year : From Jan 2019 to Jan 2020
Luxembourg, July 12, 2019 08:00 CET -- ArcelorMittal ("the Company" or
"the Issuer") completed yesterday the pricing of its offering of US$750
million aggregate principal amount of its 3.600% notes due 2024 (the
"Series 2024 Notes") and US$500 million aggregate principal amount of
its 4.250% notes due 2029 (the "Series 2029 Notes").
The proceeds to ArcelorMittal (before expenses), amounting to
approximately $1.2 billion, will be used for general corporate purposes
including future repayment of existing indebtedness and to partially
pre-fund commitments under the Essar acquisition financing facility.
The offering is scheduled to close on July 16, 2019, 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 BofA Securities, Inc. by emailing
email@example.com, Citigroup Global Markets Inc. by
calling toll-free at (800) 831-9146 or emailing firstname.lastname@example.org,
Goldman Sachs & Co. LLC by calling toll-free at (866) 471-2526 or by
emailing email@example.com, J.P. Morgan Securities LLC by
calling collect at (212) 834-4533 and RBC Capital Markets, LLC by
calling toll-free at (866) 375-6829.
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
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, 2018 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.
In any EEA Member State, this communication is only addressed to and
directed at qualified investors in that Member State within the meaning
of Directive 2003/71/EC (such Directive and amendments thereto,
including Directive 2010/73/EU together with any applicable implementing
measures in the relevant home Member State, the "Prospectus Directive").
This communication is only being distributed to and is only directed at
(i) persons who are outside the United Kingdom or (ii) investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii)
high net worth companies, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all
such persons together being referred to as "relevant persons"). The
Notes are only available to, and any invitation, offer or agreement to
subscribe, purchase or otherwise acquire such Notes will be engaged in
only with, relevant persons. Any person who is not a relevant person
should not act or rely on this document or any of its contents.
MiFID II professionals/ECPs-only/No PRIIPs KID.
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
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:
Contact information ArcelorMittal
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
ArcelorMittal Corporate Communications
Paul Weigh +44 20 3214 2419
(END) Dow Jones Newswires
July 12, 2019 02:15 ET (06:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.