ArcelorMittal Announces Pricing of Bond Issue
December 10 2024 - 12:00PM
ArcelorMittal priced yesterday an offering of €500,000,000 3.125
per cent notes due 13 December 2028 (the “2028 Notes”) and
€500,000,000 3.500 per cent notes due 13 December 2031 (the “2031
Notes” and together with the 2028 Notes, the "Notes").
The Notes will be issued under ArcelorMittal’s €10,000,000,000
wholesale Euro Medium Term Notes Programme.
The proceeds of the issuance will be used for general corporate
purposes and refinancing of existing indebtedness.
The offering is scheduled to close on 13 December 2024, subject
to satisfaction of customary conditions.
Important note: This press release does not, and
shall not, in any circumstances constitute a public offering by
ArcelorMittal of the Notes nor an invitation to the public in
connection with any offer. No communication and no information in
respect of the issuance of the Notes may be distributed to the
public in any jurisdiction where a registration or approval is
required. No steps have been or will be taken in any jurisdiction
where such steps would be required. The offering or purchase of the
Notes 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.
This press release is an advertisement for the
purposes of the Prospectus Regulation (EU) 2017/1129 (the
“Prospectus Regulation”). A prospectus prepared pursuant to the
Prospectus Regulation has been published, which can be obtained
from the website of the Luxembourg Stock Exchange at
www.luxse.com.
The base prospectus of the €10 billion wholesale
Euro Medium Term Note Programme of ArcelorMittal dated as of 15
December 2023 and the supplement to the base prospectus dated 22
November 2024 which together constitute a base prospectus (the
“Base Prospectus”), and the final terms prepared by the Issuer in
connection with the issuance of the Notes have been prepared on the
basis that any offer of Notes in any Relevant State of the European
Economic Area (each, a "Relevant State") will be made pursuant to
an exemption under the Prospectus Regulation, as implemented in
that Relevant State, from the requirement to publish a prospectus
for offers of the Notes.
In any Relevant State of the European Economic
Area, this communication is only addressed to and directed at
qualified investors in that Relevant State within the meaning of
the Prospectus Regulation.
This press release is only being distributed to
and is only directed at (i) persons who are outside the United
Kingdom, (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
entities, 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”). Any Notes will only be 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.
Notwithstanding any target market assessment,
distributors should note that: the price of the Notes may decline
and investors could lose all or part of their investment; the Notes
offer no guaranteed income and no capital protection; and an
investment in the Notes is compatible only with investors who do
not need a guaranteed income or capital protection, who (either
alone or in conjunction with an appropriate financial or other
adviser) are capable of evaluating the merits and risks of such an
investment and who have sufficient resources to be able to bear any
losses that may result therefrom. The target market assessment is
without prejudice to any contractual, legal or regulatory selling
restrictions in relation to the offering.
This press release does not constitute an offer
to sell or a solicitation of an offer to purchase any securities in
the United States. The Notes have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act") or the laws of any state within the U.S., and may
not be offered or sold in the United States or to or for the
account or benefit of U.S. Persons, except in a transaction not
subject to, or pursuant to an applicable exemption from, the
registration requirements of the Securities Act or any state
securities laws. This press release and the information contained
herein may not be distributed or sent into the United States, or in
any other jurisdiction in which offers or sales of the Notes would
be prohibited by applicable laws and should not be distributed to
United States persons or publications with a general circulation in
the United States. No offering of the Notes has been made or will
be made in the United States.
ENDS
About ArcelorMittal
ArcelorMittal is one of the world’s leading integrated steel and
mining companies with a presence in 60 countries and primary
steelmaking operations in 15 countries. It is the largest steel
producer in Europe, among the largest in the Americas, and has a
growing presence in Asia through its joint venture AM/NS India.
ArcelorMittal sells its products to a diverse range of customers
including the automotive, engineering, construction and machinery
industries, and in 2023 generated revenues of $68.3 billion,
produced 58.1 million metric tonnes of crude steel and 42.0 million
tonnes of iron ore.
Our purpose is to produce smarter steels for people and planet.
Steels made using innovative processes which use less energy, emit
significantly less carbon and reduce costs. Steels that are
cleaner, stronger and reusable. Steels for the renewable energy
infrastructure that will support societies as they transform
through this century. With steel at our core, our inventive people
and an entrepreneurial culture at heart, we will support the world
in making that change.
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).
http://corporate.arcelormittal.com/
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Contact
information ArcelorMittal Investor Relations |
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General |
+44 20 7543
1128 |
Retail |
+44 20 3214
2893 |
SRI |
+44 20 3214
2801 |
Bonds/CreditE-mail |
+33 171 921
026investor.relations@arcelormittal.com |
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Contact
information ArcelorMittal Corporate Communications |
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Paul
WeighTel:E-mail: |
+44 20 3214
2419press@arcelormittal.com |
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