ArcelorMittal €750 million 4.55% notes issue

Overview:

• ArcelorMittal has issued €750 million in 4.55% notes.
• The notes are due in 2026.
• The funds raised will be used to pay existing debt including $1 billion outstanding under a $7 billion term facilities agreement entered into in connection with the proposed acquisition of Essar Steel India through a joint venture with Nippon Steel and Sumitomo Metal Corporation.

Sam Duke