NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON
LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND
POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM,
AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY
STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (THE
“UNITED STATES”) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S
UNDER THE SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT AND
THE INVITATION FOR OFFERS. FURTHER CONDITIONS AND RESTRICTIONS
APPLY.
Luxembourg, 14 October 2020 – 08:00 CET - On 5
October 2020, ArcelorMittal (“ArcelorMittal” or
the “Company”) announced the commencement of an
invitation (subject to offer restrictions) to holders of the bonds
(“Bondholders”) set forth in the table below (the
“Bonds”) to submit offers to sell for cash (each
such offer, an “Offer to Sell”) up to a maximum
aggregate principal amount of €1.0 billion (the “Maximum
Acceptance Amount”) of the Bonds to the Company (the
“Invitation”) on the terms and subject to the
conditions set out in the Invitation for Offers dated 5 October
2020 (the “Invitation for Offers”). The Invitation
expired at 17.00 hours CET on 13 October 2020.
Announcement of Results of the Invitation
The Company is pleased to announce the acceptance of Offers to
Sell as follows:
Bonds |
ISIN |
Amount tendered |
Amount accepted |
Purchase Price |
Pro-rating factor |
Aggregate Principal Amount Outstanding after the
Settlement Date |
€750,000,000 3.125% Notes due 14 January 2022 |
XS1167308128 |
€263,583,000 |
€263,583,000 |
103.60% (€1,036 for each €1,000 in principal amount) |
None* |
€486,417,000 |
€500,000,000 0.95% Notes due 17 January 2023 |
XS1730873731 |
€133,121,000 |
€133,121,000 |
99.80% (€998 for each €1,000 in principal amount) |
None* |
€366,879,000 |
* Given the Maximum Acceptance Amount has
not been exceeded, all Bonds tendered for purchase have been
accepted in full and there will be no pro-ration.
Settlement
The Settlement Date is expected to be 15 October
2020. All tenders pursuant to the Invitation will settle through
the normal procedures of the relevant Clearing System. On the
Settlement Date, the Company shall pay or procure that there is
paid to each Bondholder which has validly submitted an Offer to
Sell accepted for purchase by the Company, an amount in cash equal
to the Total Consideration.
Payment of the relevant Total Consideration, by
or on behalf of the Company shall fully and finally discharge the
Company’s obligations to the relevant Bondholders in respect of the
Bonds delivered and accepted for purchase pursuant to the
Invitation and as soon as reasonably practicable following the
Settlement Date, such Bonds shall be canceled pursuant to their
terms and conditions. Under no circumstances will any additional
interest be payable by the Company to a Bondholder due to any delay
in the transmission of funds from the relevant Clearing System or
any intermediary with respect to the Bonds of that Bondholder.
Banco Bilbao Vizcaya Argentaria, S.A., Citigroup
Global Markets Limited, HSBC Bank plc, Mizuho International plc and
Natixis have been appointed to serve as the dealer managers for the
Offers. D.F. King Ltd. has been retained to serve as the
information and tender agent (“Tender Agent”).
For additional information regarding the terms
of the Invitation, please contact Banco Bilbao Vizcaya Argentaria,
S.A. at +44 207 397 6061 or +44 207 397 6029, Citigroup Global
Markets Limited at +44 20 7986 8969, HSBC Bank plc at +44 20 7992
6237, Mizuho International plc at +44 20 7090 6134 and Natixis at
+33 1 58 55 08 14. Requests for documents and questions regarding
the offers to sell Bonds may be directed to D.F. King Ltd. via
email: arcelormittal@dfkingltd.com, or telephone: London: +44 20
7920 9700.
A copy of the Invitation for Offers is also
available at https://sites.dfkingltd.com/arcelormittal and may be
obtained at no charge from D.F. King.
Capitalized terms used and not defined herein
have the meanings ascribed to them in the Invitation for
Offers.
###
This announcement must be read in conjunction
with the Invitation for Offers. The distribution of this
announcement and the Invitation for Offers in certain jurisdictions
may be restricted by law. Persons into whose possession this Notice
or the Invitation for Offers 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.
United States. The Invitation
is not being made and will not be made directly or indirectly in or
into, or by use of the mails of, or by any means or instrumentality
(including, without limitation, facsimile transmission, telex,
telephone, email and other forms of electronic transmission) of
interstate or foreign commerce of, or any facility of a national
securities exchange of, or to beneficial owners of the Bonds who
are located in the United States as defined in Regulation S of the
U.S. Securities Act of 1933, as amended (the “Securities
Act”), or to U.S. Persons as defined in Regulation S of
the Securities Act (each a “U.S. Person”) and the
Bonds may not be offered for sale in the Invitation by any such
use, means, instrumentality or facility from or within the United
States, by persons located or resident in the United States or by
U.S. Persons. Accordingly, copies of the Invitation for Offers and
any documents or materials related to the Invitation are not being,
and must not be, directly or indirectly, mailed or otherwise
transmitted, distributed or forwarded in or into the United States
or to any such person. Any purported Offer to Sell in response to
the Invitation resulting directly or indirectly from a violation of
these restrictions will be invalid, and Offers to Sell made by a
person located in the United States or any agent, fiduciary or
other intermediary giving instructions from within the United
States or any U.S. Person will not be accepted.
Each Bondholder participating in the Invitation
will represent that it is not a U.S. Person, is not located in the
United States and is not participating in such Invitation from the
United States. For the purposes of this and the above paragraph,
“United States” has the meaning given to it in Regulation S of the
Securities Act and includes the United States of America, its
territories and possessions (including Puerto Rico, the U.S. Virgin
Islands, Guam, American Samoa, Wake Island and the Northern Mariana
Islands), any state of the United States of America and the
District of Columbia.
European Economic Area and the United
Kingdom. In any European Economic Area
(“EEA”) member state and the United Kingdom (each,
a “Relevant State”), this communication and the
Invitation for Offers are only addressed to and are only directed
at qualified investors within the meaning of Regulation (EU)
2017/1129 (as amended or superseded) (the “Prospectus
Regulation”), in that Relevant State. Each person in a
Relevant State who receives any communication in respect of the
Invitation contemplated in the Invitation for Offers will be deemed
to have represented, warranted and agreed to and with the Dealer
Managers and the Company that it is a qualified investor within the
meaning of Article 2(e) of the Prospectus Regulation.
United Kingdom. This
communication, the Invitation for Offers and any other documents or
materials relating to the Invitation are for distribution only to
persons who (i) are outside the United Kingdom; (ii) have
professional experience in matters relating to investments falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended, the “Order”); (iii)
are persons falling within Article 49(2)(a) to (d) (“high net worth
companies, unincorporated associations etc.”) of the Order; (iv)
are members or creditors of certain bodies corporate as defined by
or within Article 43(2) of the Order; or (v) are persons to whom an
invitation or inducement to engage in investment activity (within
the meaning of section 21 of the Financial Services and Markets Act
2000) in connection with the issue or sale of any securities may
otherwise lawfully be communicated or caused to be communicated
(all such persons together being referred to as “relevant
persons”). This communication, the Invitation for Offers and any
other documents or materials relating to the Invitation is directed
only at relevant persons and must not be acted or relied on by
persons who are not relevant persons. Any investment or investment
activity to which this document relates is available only to
relevant persons and will be engaged in only with relevant
persons.
France. The Invitation for
Offers nor any other documents or offering materials relating to
the Invitation have been distributed or caused to be distributed
and will not be distributed or caused to be distributed in France,
other than to qualified investors (investisseurs qualifiés), as
defined in Article L. 411-2 1° of the French Code monétaire et
financier and in Article 2(e) of the Prospectus Regulation. Neither
the Invitation for Offers, nor any other such offering material has
been submitted for clearance to the Autorité des marchés
financiers. By participating in the Invitation, an investor
resident and/or located in France will be deemed to represent and
warrant to the Company, the Dealer Managers and the Information and
Tender Agent that it is a qualified investor.
Italy. None of the Invitation, the Invitation
for Offers or any other documents or materials relating to the
Invitation have been or will be submitted to the clearance
procedures of the Commissione Nazionale per le Società e la Borsa
(“CONSOB”) pursuant to applicable Italian laws and
regulations.
The Invitation is being carried out in the Republic of Italy
(“Italy”) as an exempted offer pursuant to article
101-bis, paragraph 3-bis of Legislative Decree No. 58 of 24
February 1998, as amended (the “Consolidated Financial
Act”) and article 35-bis, paragraph 4 of CONSOB Regulation
No. 11971 of 14 May 1999, as amended (the “Issuer’s
Regulation”). The Invitation is also being carried out in
compliance with article 35-bis, paragraph 7 of the Issuers’
Regulation.
Bondholders or beneficial owners of the Bonds
located in Italy may tender the Bonds through authorised persons
(such as investment firms, banks or financial intermediaries
permitted to conduct such activities in Italy in accordance with
the Consolidated Financial Act, CONSOB Regulation No. 20307 of 15
February 2018, as amended, and Legislative Decree No. 385 of 1
September 1993, as amended from time to time, and Legislative
Decree No. 385 of 1 September 1993, as amended) and in compliance
with applicable laws and regulations or with requirements imposed
by CONSOB or any other Italian authority. Each intermediary must
comply with the applicable laws and regulations concerning
information duties vis-à-vis its clients in connection with the
Bonds or the Invitation.
This announcement contains inside information
for the purposes of Article 7 of Regulation (EU) No 596/2014.
ENDS
About ArcelorMittal
ArcelorMittal is the world's leading steel and
mining company, with a presence in 60 countries and primary
steelmaking facilities in 18 countries. In 2019, ArcelorMittal had
revenues of $70.6 billion and crude steel production of 89.8
million metric tonnes, while iron ore production reached 57.1
million metric tonnes. Our goal is to help build a better world
with smarter steels. Steels made using innovative processes which
use less energy, emit significantly less carbon and reduce costs.
Steels that are cleaner, stronger and reusable. Steels for electric
vehicles and renewable energy infrastructure that will support
societies as they transform through this century. With steel at our
core, our inventive people and an entrepreneurial culture at heart,
we will support the world in making that change. This is what we
believe it takes to be the steel company of the future.
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/
|
|
Contact information ArcelorMittal Investor
Relations |
|
|
|
Europe |
+44 20 7543 1156 |
Americas |
+1 312 899 3985 |
Retail |
+44 20 7543 1156 |
SRI |
+44 20 7543 1156 |
Bonds/Credit |
+33 171 921 026 |
|
|
|
|
Contact information ArcelorMittal Corporate
Communications |
|
E-mail: |
press@arcelormittal.com |
Phone: |
+442076297988 |
|
|
|
|
ArcelorMittal Corporate Communications |
|
|
|
Paul Weigh |
+44 20 3214 2419 |
|
|
ArcelorMittal (EU:MT)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
ArcelorMittal (EU:MT)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024