Shearman And Sterling

News July 23, 2019

ArcelorMittal’s $1.25 Billion Notes Offering

Shearman & Sterling advised the underwriters (led by BofA, Citigroup, Credit Agricole CIB, Goldman Sachs & Co. LLC, J.P. Morgan and RBC Capital Markets) on ArcelorMittal’s offering of $750 million 3.600% notes due 2024 and $500 million 4.250% notes due 2029.

The offering closed on July 16, 2019. ArcelorMittal intends to use the net proceeds of this offering towards the reduction of its $7 billion term facilities agreement to the extent it is drawn, and for general corporate purposes including future repayment of existing indebtedness.

ArcelorMittal is the world’s leading steel and mining company, with a presence in 60 countries and an industrial footprint in 19 countries. Guided by a philosophy to produce safe, sustainable steel, ArcelorMittal is 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.

The Team