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ArcelorMittal Completes Registration of Exchange Offer
11/17/2008 - ArcelorMittal announces the closing of its offer to exchange outstanding 5.375% Notes due 2013 and 6.125% Notes due 2018 for equal principal amounts of 5.375% Notes due 2013 and 6.125% Notes due 2018 that have been registered under the U.S. Securities Act of 1933 as amended.
ArcelorMittal announced the closing of its offer to exchange (i) all of its outstanding 5.375% Notes due 2013, which are not registered under the United States Securities Act of 1933, as amended (the “2013 Original Notes”), for an equal principal amount of its 5.375% Notes due 2013, which have been registered under the Securities Act and (ii) all of its outstanding 6.125% Notes due 2018, which are not registered under the Securities Act (the “2018 Original Notes”), for an equal principal amount of its 6.125% Notes due 2018, which have been registered under the Securities Act. The Exchange Offer expired on Friday, November 7, 2008.
U.S. $1,467,958,000 aggregate principal amount of 2013 Original Notes and U.S. $1,493,200,000 aggregate principal amount of 2018 Original Notes, representing 97.8% of the outstanding principal amount of 2013 Original Notes and 99.5% of the outstanding principal amount of 2018 Original Notes, respectively, were tendered for exchange. ArcelorMittal accepted all 2013 and 2018 Original Notes that were properly tendered for exchange. The exchange offer closed on November 13, 2008.
HSBC Bank USA, National Association, served as the exchange agent for the exchange offer and D.F. King & Co., Inc. served as the information agent for the exchange offer.
ArcelorMittal is the world's largest steel company, with over 326,000 employees in more than 60 countries. ArcelorMittal leads a number of major global steel markets, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the company covers key steel markets, from emerging to mature.
Through its core values of sustainability, quality and leadership, ArcelorMittal commits to operating in a responsible way with respect to the health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognizes that it has a significant responsibility to tackle the global climate change challenge; it takes a leading role in the industry's efforts to develop breakthrough steelmaking technologies and is actively researching and developing steel-based technologies and solutions that contribute to combat climate change.
In 2007, ArcelorMittal had revenues of $105.2 billion and crude steel production of 116 million tonnes, representing around 10% of world steel output.
