ArcelorMittal announces commitment for new US$3bn term loan facility
April 16 2020 - 5:00AM
16 April 2020, 11:00 CET
Confirming the continued strong support of its key relationship
banks, on 16 April 2020 ArcelorMittal (the “Company”) received
underwriting commitments in respect of a new US$3bn
credit facility (the “Credit Facility”). The
Credit Facility represents a new commitment from BNP Paribas,
Crédit Agricole Corporate & investment Bank, J.P. Morgan and
Société Générale, and further enhances the Company's already
strong liquidity position of $10.5bn as of 31 December 2019,
including a €5.5bn revolving credit facility, which remains undrawn
and is fully available until December 2024.
The new Credit Facility will have a maturity of 12 months and
can be used for general corporate purposes. While the Company has
no immediate need to draw on this new Credit Facility it provides
additional financial flexibility in the current extraordinary
circumstances.
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 2019, ArcelorMittal had revenues of $70.6
billion and crude steel production of 89.8 million metric tonnes,
while own iron ore production reached 57.1 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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