ArcelorMittal in Rights Offering

April 28, 2016

Cleary Gottlieb represented ArcelorMittal in connection with a capital increase of 2.8 billion euros ($3.2 billion) that was announced on February 5, 2016, launched on March 11, 2016 and closed on April 8, 2016.  ArcelorMittal raised the capital through a rights offering to shareholders.  The Mittal family took up its pro rata entitlement of rights.  The rights offering was underwritten by a syndicate of banks led by Goldman Sachs, Merrill Lynch and Crédit Agricole.

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 19 countries. ArcelorMittal shares are listed on the New York Stock Exchange, Euronext Amsterdam, Euronext Paris, the Luxembourg Stock Exchange and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia.