ArcelorMittal extends conversion date for $1bn mandatory convertible bond
December 15 2017 - 12:00AM
ArcelorMittal S.A. / ArcelorMittal extends conversion date for
$1bn mandatory convertible bond . Processed and transmitted by
Nasdaq Corporate Solutions. The issuer is solely responsible for
the content of this announcement.
15 December
2017 - ArcelorMittal announces the extension of the
conversion date for the $1bn privately placed mandatory convertible
bond (MCB) issued on 28 December 2009 by one of its wholly-owned
Luxembourg subsidiaries. This amendment to the MCB, which is
mandatorily convertible into preferred shares of such subsidiary,
was executed on 14 December 2017. The mandatory conversion date of
the bond has been extended to 29 January 2021. The other main
features of the MCB remain unchanged. The bond was placed privately
with Credit Agricole Corporate and Investment Bank and is not
listed.
The subsidiary has simultaneously
executed amendments providing for the extension of the outstanding
notes into which it invested the proceeds of the bond issuance,
which are linked to shares of the listed companies Eregli Demir Va
Celik Fab. T. AS of Turkey and China Oriental Group Company
Limited, both of which are held by ArcelorMittal
subsidiaries.
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;
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