On 27 May 2009, ArcelorMittal ("The Company" or "the Issuer") completed the pricing of two series of EUR denominated notes for an aggregate principal amount of EUR 2,500,000,000 consisting of EUR 1,500,000,000 principal amount of its 8.250 % Notes due 2013 and EUR 1,000,000,000 principal amount of its 9.375 % Notes due 2016.
The proceeds to ArcelorMittal (before expenses), amounting to approximately EUR 2.5 billion, will be used to lengthen the debt maturity profile and to refinance existing indebtedness.
The offering is scheduled to close on 3 June 2009, subject to satisfaction of customary conditions.
ArcelorMittal is the world's leading steel company, with operations in more than 60 countries.
ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.
Through its core values of Sustainability, Quality and Leadership, ArcelorMittal commits to operating in a responsible way with respect to the health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognises that it has a significant responsibility to tackle the global climate change challenge; it takes a leading role in the industry's efforts to develop breakthrough steelmaking technologies and is actively researching and developing steel-based technologies and solutions that contribute to combat climate change.
In 2008, ArcelorMittal had revenues of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).