ArcelorMittal signed a US$ 6 billion 5 year Revolving Credit Facility (the "Facility").

The Facility will replace the 5 billion euro Revolving Credit Facility under ArcelorMittal's existing 17 billion euro Credit Facility Agreement dated 30 November 2006, and will be used for the general corporate purposes of the ArcelorMittal group.

The Facility attracted a very strong level of interest, allowing ArcelorMittal to increase the amount of the Facility from the launch amount of US$ 5 billion and to scale back the banks' initial commitment levels.

The Facility was coordinated by Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank and HSBC Bank plc.

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 18 countries. In 2019, ArcelorMittal had revenues of $70.6 billion and crude steel production of 89.8 million metric tonnes, while iron ore production reached 57.1 million metric tonnes. Our goal is to help build a better world with smarter steels. 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: http://corporate.arcelormittal.com/

http://corporate.arcelormittal.com/
View all press releases