World News: 07:00 GMT Friday 12th July 2019. [ArcelorMittal S.A. via Globe Newswire via SPi World News]
Luxembourg, July 12, 2019 08:00 CET – ArcelorMittal (“the Company” or "the Issuer") completed yesterday the pricing of its offering of US$750 million aggregate principal amount of its 3.600% notes due 2024 (the “Series 2024 Notes”) and US$500 million aggregate principal amount of its 4.250% notes due 2029 (the “Series 2029 Notes”).
The proceeds to ArcelorMittal (before expenses), amounting to approximately $1.2 billion, will be used for general corporate purposes including future repayment of existing indebtedness and to partially pre-fund commitments under the Essar acquisition financing facility.
The offering is scheduled to close on July 16, 2019, subject to satisfaction of customary conditions.
Globe Newswire: 07:00 GMT Friday 12th July 2019
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