ArcelorMittal Announces Debt Tender Offer for Any and All of ArcelorMittal USA’s USD 6.500% Notes due 2014
Luxembourg, June 17, 2013 – ArcelorMittal (the “Company” or “ArcelorMittal”) and ArcelorMittal USA LLC (“AM USA” and together with ArcelorMittal, the “Offerors”) today announced the commencement of an offer (the “Offer”) to purchase for cash any and all of AM USA’s 6.500% Notes due 2014 (the “Notes”).
Concurrently with the Offer, ArcelorMittal is also announcing the commencement of an invitation (the “Invitation for Offers” and the “Concurrent European Offer”) to holders of EUR 500,000,000 4.625% Bonds due November 7, 2014 (ISIN: XS0204395213) (the “AM Finance Bonds”) issued by ArcelorMittal Finance.
ArcelorMittal and AM USA are making the Offer in order to retire all or a portion of the Notes prior to their maturity. The Company’s offer for the Notes and the AM Finance Bonds reflects its robust liquidity position and forms part of its proactive approach to managing its debt maturity profile, reducing gross debt and optimizing interest costs.
This announcement does not contain the full terms and conditions of the Offer, which are contained in the offer to purchase dated June 17, 2013 (the “Offer to Purchase,” as it may be amended or supplemented from time to time) prepared by ArcelorMittal and AM USA, and is subject to the offer restrictions set out below and as more fully described in the Offer to Purchase.
For more information about the tender, please click on the attachment below.
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