ArcelorMittal Issues $350 Million Syndicated Loan Facility for its Ukrainian Subsidiary

December 21, 2017

Cleary Gottlieb acted for ArcelorMittal Kryvyi Rih, a Ukrainian subsidiary of ArcelorMittal S.A., in relation to its $350 million loan facility arranged by European Bank for Reconstruction and Development.

The facility would be used to support the modernization and environmental upgrade of Ukraine’s largest steel mill, which is owned by ArcelorMittal S.A. The facility and related documents were signed on December 21, 2017.

ArcelorMittal is the largest producer of steel in North and South America and Africa, a significant steel producer in the CIS region, and the largest steel producer in the EU, with significant operations in France, Germany, Belgium, Spain, Luxembourg, Poland, the Czech Republic, and Romania.