Shearman And Sterling

News June 30, 2021

ArcelorMittal's Cash Tender Offer

Shearman & Sterling represented Citigroup Global Markets Limited, Credit Agricole Securities (USA), Goldman Sachs International, Intesa Sanpaolo IMI Securities, Mizuho Securities USA, SMBC Nikko Capital Markets Europe GmbH and Société Générale as dealer managers, in connection with ArcelorMittal's any and all cash tender offer of its outstanding series of 3.600 percent notes due 2024, 6.125 percent notes due 2025 and 4.550 percent notes due 2026.

An aggregate principal amount of $460,108,000 of the 2024 notes, $73,272,000 of the 2025 notes and $348,891,000 of the 2026 notes were purchased pursuant to the Tender Offer.

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. Guided by a philosophy to help build a better world with smarter steels, 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 Shearman & Sterling team below was supported by Ahuva Weinreich and Iain Sneddon.

The Team