Cleary Gottlieb represented ArcelorMittal in an offering of an aggregate principal amount of €500 million of debt securities under its Euro Medium Term Notes programme. The notes bear interest at 4.50%, mature on March 29, 2018 and are listed on the Luxembourg Stock Exchange. This offering, which priced on March 22, 2012 and closed on March 29, 2012, was led by Commerzbank, Crédit Agricole, HSBC, The Royal Bank of Scotland, Santander and Société Générale as Joint Lead Managers.
Long-standing Cleary Gottlieb client ArcelorMittal is the world’s largest and most global steel producer as well as a leading mining company.