ArcelorMittal Issues €500 Million of Notes

December 4, 2017

Cleary Gottlieb represented ArcelorMittal in the issuance of €500 million 0.95 percent notes due January 17, 2023, under its €10 billion wholesale EMTN Program.

The issuance priced on November 28, 2017, and closed on December 4, 2017.

The notes issued are listed on the regulated market of the Luxembourg Stock Exchange. The proceeds of the issuance will be used for general corporate purposes, including the refinancing of existing debt such as the 6.125 percent notes due June 1, 2018, being early redeemed on December 28, 2017.

Barclays Bank plc, Crédit Agricole Corporate and Investment Bank, ING Bank N.V., Belgian Branch and Société Générale served as joint lead managers for the issuance.