ArcelorMittal confirms that it has given notice that it will redeem all of the outstanding 6.250% Notes due February 25, 2022 (CUSIP: 03938LAX2; ISIN: US03938LAX29) (the “6.250% Notes”) on March 9, 2020 (the “Redemption Date”). Following prior tender offers, the current outstanding principal amount of the 6.250% Notes is U.S.$ 659,157,000 (original issuance of U.S.$1,100,000,000).

The 6.250% Notes shall be redeemed at a price equal to the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments (as defined in the Indenture) of the Notes to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the indenture dated as of May 20, 2009, as supplemented by the fifth and sixth supplemental indentures, each dated as of February 28, 2012, each between the Company and HSBC Bank USA, National Association) plus 50 basis points (the “Redemption Price”), in each case plus accrued and unpaid interest thereon to the Redemption Date.

In each case, the Treasury Rate will be calculated on the third Business Day (as defined in the Indenture) preceding the Redemption Date.

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2022, ArcelorMittal had revenues of $79.8 billion and crude steel production of 59.0 million metric tonnes, while iron ore production reached 45.3 million metric tonnes. Our purpose is to produce ever smarter steels that have a positive benefit for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). For more information about ArcelorMittal please visit:
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