ArcelorMittal Successfully Prices New Bond Offering for Growth

ArcelorMittal's New Bond Issue Takes Shape

ArcelorMittal has taken significant strides in the financial market by pricing an impressive offering of €500 million in 3.125 percent notes maturing in December 2028, known as the "2028 Notes," alongside an additional €500 million at a 3.500 percent yield due in December 2031, referred to as the "2031 Notes." Collectively, these financial instruments are termed the "Notes."

Funding Goals and Utilization of Proceeds

The funds raised from this bond issuance will be pivotal for ArcelorMittal, intended primarily for general corporate purposes and the refinancing of existing debts. This strategic financial maneuver underlines the company’s commitment to maintaining a robust balance sheet while enhancing operational efficacy.

Closing of the Offering Under Standard Conditions

Scheduled to close in December, the bond offering is contingent upon the fulfillment of customary conditions, a standard practice in the financial industry. As this process unfolds, ArcelorMittal showcases its adeptness in navigating market challenges and seizing growth opportunities.

Understanding the Bond Issuance Framework

Notably, the issuance is conducted under ArcelorMittal’s expansive €10 billion wholesale Euro Medium Term Notes Programme. The cash raised is aimed at bolstering the company's operational framework and fortifying its financial standings in a competitive market landscape.

Insights on Bonds and Investor Communication

It’s essential to recognize that the communication regarding this bond issuance adheres strictly to guidelines outlined in the Prospectus Regulation. While this announcement serves as important information for stakeholders, it is not to be considered a public offering.

Reassessing Market Participant Conditions

In various jurisdictions, specific legal or regulatory restrictions might apply, thus guiding who can participate in this offering. Furthermore, the bond details are primarily directed at qualified investors, ensuring clarity and compliance in its distribution.

ArcelorMittal's Corporate Vision and Market Position

ArcelorMittal stands tall as a leader in the integrated steel and mining sector, with operations spanning across 60 countries and producing steel in 15 locations worldwide. Being the largest steel manufacturer in Europe and having a significant footprint in the Americas, it continues to expand its influence in Asia through various partnerships, including a joint venture.

Commitment to Sustainability and Innovation

The company is driven by a profound purpose — to produce innovative steels with reduced environmental impact. By utilizing cutting-edge processes that minimize energy consumption and carbon emissions, ArcelorMittal actively participates in shaping a sustainable future. In its last performance report, the company generated substantial revenues, processed millions of metric tonnes of steel, and positioned itself as a forward-thinking entity in the steel industry.

Stock Exchange Listings and Contact Information

ArcelorMittal is a publicly traded company listed on several stock exchanges, including those in New York and Europe. Its stock symbols include MT for major exchanges such as NYSE and MT in Amsterdam and Paris. For inquiries, the investor relations team can be contacted at +44 20 7543 1128, and for corporate communications at +44 20 3214 2419. Their email addresses are accessible for further assistance, providing transparency and support to investors.

Frequently Asked Questions

What are the key details of the bond issue by ArcelorMittal?

ArcelorMittal has issued €1 billion in total through two series of notes, which are the 2028 Notes and the 2031 Notes, each with different interest rates and maturity dates.

How will ArcelorMittal utilize the proceeds from the bond issue?

The proceeds will be allocated for general corporate purposes and refinancing existing debts, strengthening its financial stability.

What regulations govern the bond issuance process?

The bonds fall under the guidelines of the Prospectus Regulation, ensuring compliance across different jurisdictions and targeted towards qualified investors.

What makes ArcelorMittal a leader in the industry?

With operations in numerous countries and a strong commitment to innovation and sustainability, ArcelorMittal remains a top player in steel manufacturing worldwide.

How can one contact ArcelorMittal for inquiries about the bond issue?

For inquiries, investors can reach out to ArcelorMittal's investor relations at +44 20 7543 1128 and corporate communications at +44 20 3214 2419, or via their respective email addresses.

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