Title of Security
|
CUSIP/ISIN
|
Acceptance Priority Level
|
Principal Amount Tendered after Early Tender
Time
|
Principal Amount Accepted after Early Tender
Time
|
Tender Consideration(3)
|
7.000% notes due 2039 |
03938LAP9/US03938LAP94 |
1 |
$3,530,000(1) |
$3,530,000 |
$1,120.00 |
6.750% notes due 2041 |
03938LAS3/US03938LAS34 |
2 |
$188,000(2) |
$188,000 |
$1,103.00 |
-
Excludes $428,331,000 aggregate principal amount
of the 2039 Notes that were tendered at or prior to the Early
Tender Time (as defined below) and accepted for purchase by the
Company, for which the Company paid the Total Consideration, plus
any accrued interest, on the Early Settlement Date (as defined
below).
-
Excludes $194,412,000 aggregate principal amount
of the 2041 Notes that were tendered at or prior to the Early
Tender Time and accepted for purchase by the Company, for which the
Company paid the Total Consideration, plus any accrued interest, on
the Early Settlement Date.
-
Per $1,000 principal amount of Notes validly
tendered after the Early Tender Time and at or prior to the
Expiration Time. Does not include Accrued Interest (as defined
below).
September 5, 2018 - ArcelorMittal (the "Company" or "ArcelorMittal")
announces the expiration and the final results of its tender offers
(the "Offers") to purchase for cash, for a
combined aggregate purchase price (exclusive of Accrued Interest
(as defined herein)) of up to $750,000,000 (the "Maximum Tender Cap"), its outstanding 7.000% notes due
2039 (CUSIP 03938LAP9/ISIN US03938LAP94) (the "2039 Notes") and 6.750% notes due 2041 (CUSIP
03938LAS3/ISIN US03938LAS34) (the "2041 Notes"
and, together with the 2039 Notes, the "Notes").
The Offers were made pursuant to an offer to
purchase dated August 7, 2018 (the "Offer to
Purchase") which contains the full terms and conditions of the
Offers. The Offers expired at 11:59 p.m., New York City time, on
September 4, 2018 (the "Expiration Time").
On August 22, 2018 (the "Early
Settlement Date"), the Company made a payment in cash for all
Notes tendered at or prior to 5:00 p.m., New York City time, on
August 20, 2018 (such time, the "Early Tender
Time") and not validly withdrawn. Taking into account
$725,304,306 (excluding related fees and accrued interest) spent on
Notes accepted for purchase as of the Early Tender Time pursuant to
the Offers, the portion of the Maximum Tender Cap available for
Notes tendered after the Early Tender Time and at or prior to the
Expiration Time was equal to $24,695,694.
After the Early Tender Time and at or prior to the
Expiration Time, the Company received valid tenders in respect of
$3,530,000 aggregate principal amount of 2039 Notes and $188,000
aggregate principal amount of 2041 Notes.
Considering the $24,695,694 portion of the Maximum
Tender Cap available for Notes tendered after the Early Tender Time
and at or prior to the Expiration Time, all Notes tendered after
the Early Tender Time and at or prior to the Expiration Time are
expected to be accepted for purchase pursuant to the Offers.
Subject to the terms and conditions set forth in
the Offer to Purchase, with respect to Notes validly tendered after
the Early Tender Time but at or prior to the Expiration Time and
accepted for purchase pursuant to the Offers, the Company expects
to pay the Tender Consideration, together with any accrued and
unpaid interest from, and including, the immediately preceding
interest payment date applicable to the Notes to, but excluding,
the Final Settlement Date (the "Accrued
Interest"), to the Holders thereof on the second Business Day
after the Expiration Time, expected to be September 6, 2018 (the
"Final Settlement Date").
All Notes that are purchased by the Company in the
Offers will be retired and cancelled and no longer remain
outstanding obligations, and no interest will be payable on such
Notes following such cancellation.
Citigroup Global Markets Limited, Credit Agricole
Securities (USA) Inc., J.P. Morgan Securities LLC and Merrill Lynch
International acted as dealer managers for the Offers. D.F. King
acted as the information agent and tender agent in connection with
the Offers.
For additional information regarding the terms of
the Offers, please contact Citigroup Global Markets Limited by
e-mail at liabilitymanagement.europe@citi.com or by telephone at
+44 20 7986 8969 (London) or +1 800 558 3745 (toll free within the
U.S.) or collect at +1 212 723 6106, Credit Agricole Securities
(USA) Inc. by telephone at +1 866 807 6030 (toll free within the
U.S.) or collect at +1 212 261 7802, J.P. Morgan Securities LLC by
telephone at +1 866 834 4666 (toll free within the U.S.) or collect
at +1 212 834 3424 and Merrill Lynch International by e-mail at
DG.LM_EMEA@baml.com or by telephone at +44 20 7996 5420 (London) or
+1 888 292 0070 (toll free within the U.S.) or collect at +1 980
387 3907. Requests for documents and questions regarding the tender
of Notes may be directed to D.F. King via e-mail:
arcelor@dfking.com or telephone: New York: +1 800 499 8410 (toll
free within U.S.) or collect at
+ 1 212 269 5550 and London: +44 20 7920
9700.
Capitalized terms used and not defined herein have
the meanings ascribed to them in the Offer to Purchase.
Important Information
This press release is neither an offer to purchase
nor a solicitation to buy any Notes nor is it a solicitation for
acceptance of the Offers. This announcement must be read in
conjunction with the Offer to Purchase and the announcement dated
August 21, 2018. The distribution of this announcement and the
Offer to Purchase in certain jurisdictions may be restricted by
law. Persons into whose possession this announcement or the Offer
to Purchase comes are required by each of the Company, the Dealer
Managers and the Information and Tender Agent to inform themselves
about and to observe any such restrictions.
###
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 2017, ArcelorMittal had
revenues of $68.7 billion and crude steel production of 93.1
million tonnes, while own iron ore production reached 57.4 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/
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Contact information ArcelorMittal Investor
Relations |
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|
|
Europe |
+442075431156 |
Americas |
+13128993985 |
Retail |
+442075431156 |
SRI |
+442075431156 |
Bonds/Credit |
+33171921026 |
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|
|
Contact information ArcelorMittal Corporate
Communications |
|
E-mail: |
press@arcelormittal.com |
Phone: |
+442076297988 |
|
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|
ArcelorMittal Corporate
Communications |
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|
|
Paul Weigh |
+442032142419 |
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France |
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Image 7 |
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Sylvie Dumaine / Anne-Charlotte Creach |
+33153707470
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