ArcelorMittal Announces Results of the Offer to Purchase for Cash Any and All of its 9.850% Notes due June 1, 2019
(Thomson Reuters ONE) -
ArcelorMittal S.A. /
ArcelorMittal Announces Results of the Offer to Purchase for Cash Any and All of
its 9.850% Notes due June 1, 2019
. Processed and transmitted by NASDAQ OMX Corporate Solutions.
The issuer is solely responsible for the content of this announcement.
May 19, 2016 - On May 11, 2016, ArcelorMittal (the "Company" or "ArcelorMittal")
announced the launch of its tender offer (the "Offer") to purchase for cash any
and all of its outstanding 9.850% Notes due June 1, 2019 (CUSIP 03938LAM6/ ISIN
US03938LAM63) (the "Notes") on the terms and subject to the conditions set out
in the offer to purchase dated May 11, 2016 (the "Offer to Purchase") and the
Notice of Guaranteed Delivery. The Offer expired at 5:00 p.m., New York City
time, on May 18, 2016 (the "Expiration Time").
The table below sets forth 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validly withdrawn at or prior to 5:00 p.m., New York City time, on May 18, 2016.
Principal amount
Title of Security tendered((2)) Tender Consideration((3))
9.850% Notes due June
1, 2019((1) ) $410,651,000 $1,170.00
(CUSIP/ISIN: 03938LAM6/
US03938LAM63)
(1) The interest rate on the Notes increased pursuant to an interest adjustment
clause applicable to the Notes and is currently 10.850%.
(2) Including $5,435,000 principal amount 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., New York City time, on May 20, 2016.
(3) Per $1,000 principal amount of Notes validly tendered and not validly
withdrawn. Does not include Accrued Interest.
Subject to the terms and conditions set forth in the Offer to Purchase, the
Company expects to accept for purchase on May 19, 2016, 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 May 23, 2016, the amount of Notes that were validly tendered using the
guaranteed delivery procedures.
Payment of the aggregate consideration for all such Notes is expected to be made
on the Any and All Settlement Date or on the Guaranteed Delivery Settlement
Date, as applicable, on which date the Company will deposit with DTC the amount
of cash necessary to pay the Tender Consideration plus Accrued Interest in
respect of the Notes accepted for purchase in the Offer.
Barclays Capital Inc., BNP Paribas, Citigroup Global Markets Limited and J.P.
Morgan Securities LLC acted as the dealer managers for the Offer. D.F. King
acted as the information agent and tender agent in connection with the Offer.
For additional information regarding the terms of the Offer, please contact
Barclays Capital Inc. by email at liability.management(at)barclays.com or by
telephone at +1 800 438 3242 (toll free within the U.S.), collect at
+1 212 528 7581 or +44 20 3134 8515 (London), BNP Paribas at +1 888 210 4358
(toll free within the U.S.) or collect at +1 212 841 3059, Citigroup Global
Markets Limited by email at liabilitymanagement.europe(at)citi.com or by telephone
at +44 20 7986 8969 (London), +1 800 558 3745 (toll free within the U.S.) or
collect at +1 212 723 6106 or J.P. Morgan Securities LLC at +1 866 834 4666
(toll free within the U.S.) or collect at +1 212 834 3424. Requests for
documents and questions regarding the tender of Notes may be directed to D.F.
King via email: arcelor(at)dfkingltd.com or telephone: London: +44 (0)20
7920 9700, New York: +1 800 814 4284 (toll free within U.S.) or collect at +
1 212 269 5550, and Hong Kong: +852 3953 7230.
A copy of the Offer to Purchase (including the Notice of Guaranteed Delivery for
the Offer) is available at http://www.dfking.com/arcelor and may also be
obtained at no charge from D.F. King.
Capitalized terms used and not defined herein have the meanings ascribed to them
in the Offer to Purchase.
###
This announcement must be read in conjunction with the Offer to Purchase. The
distribution of this announcement and the Offer to Purchase in certain
jurisdictions may be restricted by law. Persons into whose possession this
announcement or the Offer to Purchase comes are required by each of the Company,
the Dealer Managers and the Information and Tender Agent to inform themselves
about and to observe any such restrictions.
About ArcelorMittal
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, we are 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.
Through our core values of sustainability, quality and leadership, we operate
responsibly with respect to the health, safety and wellbeing of our employees,
contractors and the communities in which we operate.
For us, steel is the fabric of life, as it is at the heart of the modern world
from railways to cars and washing machines. We are actively researching and
producing steel-based technologies and solutions that make many of the products
and components people use in their everyday lives more energy efficient.
We are one of the world's five largest producers of iron ore and metallurgical
coal and our mining business is an essential part of our growth strategy. With a
geographically diversified portfolio of iron ore and coal assets, we are
strategically positioned to serve our network of steel plants and the external
global market. While our steel operations are important customers, our supply to
the external market is increasing as we grow.
In 2015, ArcelorMittal had revenues of US$63.6 billion and crude steel
production of 92.5 million tonnes, while own iron ore production reached 62.8
million tonnes.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT),
Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona,
Bilbao, Madrid and Valencia (MTS).
For more information about ArcelorMittal please visit:
http://corporate.arcelormittal.com/
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|Contact information ArcelorMittal Investor Relations |
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|Europe +35247923198 |
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|Americas +13128993985 |
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|Retail +35247923198 |
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|SRI +442075431156 |
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|Bonds/Credit +33171921026 |
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|Contact information ArcelorMittal Corporate |
|Communications |
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|E-mail: press(at)arcelormittal.com|
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|Phone: +442076297988 |
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|ArcelorMittal Corporate Communications |
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|Sophie Evans +442032142882 |
|Paul Weigh +442032142419 |
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|France |
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|Image 7 |
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|Sylvie Dumaine / Anne-Charlotte Creach +33153707470 |
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ArcelorMittal S.A. via GlobeNewswire
[HUG#2013879]
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2016 - 10:38 Uhr
Sprache: Deutsch
News-ID 472243
Anzahl Zeichen: 12670
contact information:
Town:
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Kategorie:
Business News
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"ArcelorMittal Announces Results of the Offer to Purchase for Cash Any and All of its 9.850% Notes due June 1, 2019"
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