Bli medlem
Bli medlem

Du är här

2021-06-17

ArcelorMittal Announces Offer to Purchase for Cash Any and All of its 3.600% Notes due 2024, 6.125% Notes due 2025 and 4.550% Notes due 2026

Title of SecurityCUSIP/ISINPrincipal Amount IssuedOutstanding Principal AmountTender Consideration(1)
3.600% notes due 202403938L BB9/US03938LBB99U.S.$750,000,000U.S.$750,000,000U.S.$ 1,076.50
6.125% notes due 202503938LAZ7/US03938LAZ76U.S.$500,000,000U.S.$256,893,000U.S.$ 1,176.00
4.550% notes due 202603938L BA1/US03938LBA17U.S.$750,000,000U.S.$750,000,000U.S.$ 1,130.00

(1)   Per U.S.$1,000 principal amount of Notes validly tendered and not validly withdrawn. Does not include Accrued Interest (as defined below) which will be payable to holders who tender Notes that are accepted for purchase by the Company.


June 17, 2021– 14:45 CET – ArcelorMittal (the “Company” or “ArcelorMittal”) announces the launch of its tender offer (the “Offers” and each, an “Offer”) to purchase for cash, any and all of its series of 3.600% notes due 2024 (CUSIP 03938L BB9 / ISIN US03938LBB99) (the “2024 Notes”), its series of 6.125% notes due 2025 (CUSIP 03938LAZ7 / ISIN US03938LAZ76) (the “2025 Notes”) and its series of 4.550% notes due 2026 (CUSIP 03938L BA1 / ISIN US03938LBA17) (the “2026 Notes”, and together with the 2024 Notes and the 2025 Notes, the “Notes”). Following the consummation of the Offers, the Notes that are purchased by the Company in the Offers will be retired and cancelled and no longer remain outstanding.

This announcement does not contain the full terms and conditions of the Offers, which are contained in the offer to purchase dated June 17, 2021 (as it may be amended or supplemented from time to time, the “Offer to Purchase”) and the Notice of Guaranteed Delivery, and is subject to the offer restrictions set out below and more fully described in the Offer to Purchase.

Notes may be validly tendered at any time on or before 5:00 p.m., New York City time, on June 24, 2021, unless extended or earlier terminated (as may be extended or earlier terminated, the “Expiration Time”). Notes must be tendered in accordance with the procedures set forth in the Offer to Purchase. Subject to certain conditions, holders may tender Notes in the Offers pursuant to guaranteed delivery procedures by transmitting a Notice of Guaranteed Delivery to the Tender Agent prior to the Expiration Time, as described in more detail in the section “The Offers—Procedures for Tendering Notes—Guaranteed Delivery Procedure for Notes” in the Offer to Purchase.

With respect to the Notes validly tendered prior to the Expiration Date and not validly withdrawn and accepted for purchase by the Company, other than Notes tendered pursuant to the guaranteed delivery procedures, the Company expects to pay the notes tender consideration (the “Tender Consideration”), which is the U.S. dollar amount payable per U.S.$1,000 principal amount of the Notes set forth in the table above, together with any Accrued Interest (as defined below), to the holders thereof on the third Business Day after the Expiration Time (the “Any and All Settlement Date”). No early participation amount will be payable on the Notes. With respect to Notes tendered pursuant to the guaranteed delivery procedures and accepted for purchase by the Company, if any, the Company expects to pay the Tender Consideration, together with any Accrued Interest, to the holders thereof on the third Business Day after the Expiration Time. For the avoidance of doubt, interest will cease to accrue on the Any and All Settlement Date for all Notes accepted in the Offers, including any Notes tendered by the guaranteed delivery procedures.

The Tender Consideration will be payable in cash. In addition to the Tender Consideration, holders who tender Notes that are accepted for purchase by the Company pursuant to the Offers will also be paid accrued and unpaid interest from, and including, the immediately preceding interest payment date for the Notes to, but excluding, the Any and All Settlement Date (the “Accrued Interest”).

Notes tendered may only be withdrawn at or prior to 5:00 p.m., New York City time, on June 24, 2021 (such date and time, as the same may be extended, the “Withdrawal Deadline”) but, except as otherwise provided, not thereafter.

The relevant deadline set by the relevant clearing system or any intermediary for the submission of tender instructions may be earlier than the deadlines set out herein.

Concurrently with the Offers, ArcelorMittal is also announcing the commencement of an invitation (the “Invitation for Offers”) to non-U.S. holders outside of the United States to tender for cash certain euro-denominated notes (the “Euro Notes”) to offer to sell Euro Notes up to a maximum aggregate principal amount of $1.5 billion less the principal amount of Notes tendered pursuant to these Offers (the “Concurrent European Offer”). Invitations to the Concurrent European Offer are not open to any holder of such notes that is in the United States or a U.S. Person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) or a U.S. resident. If you are in the United States, a U.S. Person or a U.S. resident that holds any such notes, you may not offer to sell them pursuant to such invitation. You may not tender any notes in the Offers other than the Notes specified on the cover page of the Offer to Purchase. The Concurrent European Offer is not being made pursuant to the Offer to Purchase.

ArcelorMittal will fund the Offers and the Concurrent European Offer with existing cash resources. The Offers are being made to reduce the Company’s gross debt through the early repayment and cancelation of the Notes that are accepted for purchase pursuant to the Offers. Similarly, the Concurrent European Offer (as described and defined above, and on which these Offers are not conditional) is being made to reduce the Company’s gross debt through the early repayment and cancellation of the Euro Notes that are accepted for purchase pursuant to the Concurrent European Offer.

Citigroup Global Markets Limited, Credit Agricole Securities (USA) Inc., Goldman Sachs International, Intesa Sanpaolo IMI Securities Corp., Mizuho Securities USA LLC, SMBC Nikko Capital Markets Europe GmbH and Société Générale have been appointed to serve as dealer managers for the Offers (the “Dealer Managers”). D.F. King has been retained to serve 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 email at liabilitymanagement.europe@citi.com or by telephone at +44 20 7986 8969 or +1 800 558 3745 (toll free within the U.S.) or +1 212 723 6106 (collect) or Credit Agricole Securities (USA) Inc. by email at us.liabilitymanagement@ca-cib.com or by telephone at +1 866 807 6030 (toll free within the U.S.) or +1 212 261 7802 (collect) or Goldman Sachs International by email at liabilitymanagement.eu@gs.com (London) or GS-LM-NYC@gs.com (New York) or by telephone at +44 207 552 6157 (London) or +1 800 828 3182 (toll free within the U.S.) or +1 212 357 1452 (collect) or Intesa Sanpaolo IMI Securities Corp. by email at DCM.Syndicate.NY@intesasanpaolo.com or by telephone at +1 800 477 9296 (toll free within the U.S.) or +1 646 206 3662 (collect) or Mizuho Securities USA LLC by telephone at +44 20 7090 6134 (London) or +1 866 271 7403 (toll free within the U.S.) or +1 212 205 7736 (collect) or SMBC Nikko Capital Markets Europe GmbH by email at LM.EMEA@smbcnikko-cm.com or by telephone at +44 20 3527 7545 (London) or Société Générale by email at liability.management@sgcib.com or by telephone at +33 1 42 13 32 40 /+33 1 42 13 79 52 or +1 855 881 2108 (toll free within the U.S.) or +1 212 278 6964 (collect). Requests for documents and questions regarding the tender of Notes may be directed to D.F. King via e-mail: arcelormittal@dfkingltd.com...

Författare GlobeNewswire

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.