ArcelorMittal Announces the Results of its Offer to Purchase for Cash Any and All of its 6.125% Notes due 2025

 

October 14, 2020 08:00 CET– On October 5, 2020, ArcelorMittal (the “Company” or “ArcelorMittal”) announced the launch of its tender offer (the “Offer”) to purchase for cash, any and all of its outstanding 6.125% notes due 2025 (CUSIP 03938LAZ7/ISIN US03938LAZ76) (the “Notes”) on the terms and subject to the conditions set out in the offer to purchase dated October 5, 2020 the “Offer to Purchase”) and the Notice of Guaranteed Delivery. The Offer expired at 5:00 p.m., New York City time, on October 13, 2020  (the “Expiration Time”).

The table below sets forth the information with respect to the Notes and the Offer as well as the aggregate principal amount of Notes that were validly tendered (including using the guaranteed delivery procedures set forth herein) and not validly withdrawn at or prior to 5:00 p.m., New York City time on October 13, 2020.

Title of Security	CUSIP/ISIN	Principal Amount Tendered(1)	Outstanding Principal Amount after Settlement of the Offer	Tender Consideration(2)
6.125% notes due 2025	03938LAZ7/US03938LAZ76	U.S.$249,886,000	U.S.$250,114,000	U.S.$1,170

1. Including U.S.$7,812,000 of Notes tendered pursuant to the guaranteed delivery procedures, for which the delivery of Notes must be made by no later than 5:00 p.m. on October 15, 2020.
2. Per U.S.$1,000 principal amount of Notes validly tendered and not validly withdrawn. Does not include Accrued Interest (as defined in the Offer to Purchase) which will be payable to holders who tender Notes that are accepted for purchase by the Company.

Subject to the terms and conditions set forth in the Offer to Purchase, the Company expects to accept for purchase on October 15, 2020, the amount of Notes validly tendered at or prior to the Expiration Time, other than Notes tendered using the guaranteed delivery procedures. Subject to the terms and conditions set forth in the Offer to Purchase, the Company expects to accept for purchase on October 16, 2020, the amount of Notes that were validly tendered using the guaranteed delivery procedures.