ArcelorMittal’s €1.1 Billion Eurobond Tender Offers

December 11, 2019

Cleary Gottlieb represented ArcelorMittal in a cash tender offer to purchase (subject to offer restrictions) any and all of its outstanding €600 million 2.875% notes due July 6, 2020, and €500 million 3% notes due April 9, 2021.

The tender offer launched on November 29, 2019, and expired December 6, 2019. €317,967,000 of the 2020 bonds and €214,484,000 of the 2021 bonds were tendered pursuant to the offers.

Settlement of the tender offer occurred on December 11, 2019. ArcelorMittal will fund purchases of bonds tendered with existing cash resources, including the proceeds of its Eurobond offering that closed on November 19, 2019.

Crédit Agricole Corporate and Investment Bank, Citigroup Global Markets Limited, J.P. Morgan Securities plc, and SMBC Nikko Capital Markets Limited acted as dealer managers in the debt tender.