ArcelorMittal announced invitations for offers to pay in cash for its US 2024s-2026s and EUR 2023s-2025s. The company is making an offer to purchase for cash any and all of three USD bonds mentioned below. The deadline is 24 June 24, 2021:
- $750mn 3.600% 2024s with an outstanding principal of $750mn at a purchase price of $1,076.5 for each $1,000 in principal; current price is
- $500mn 6.125% 2025s with an outstanding principal of $500mn at a purchase price of $1,176 for each $1,000 in principal
- $750mn 4.550% 2026s with an outstanding principal of $750mn at a purchase price of $1,130 for each $1,000 in principal
Concurrently, the company is making an offer to purchase its EUR 2023s-2025s mentioned below: Bondholders would submit offers to sell for cash subject to a maximum aggregate principal amount of $1.5bn of the bonds. The bonds being accepted are:
- €500mn 0.95% 2023s with an outstanding principal of €366.789mn at a purchase price of €1,015.7 for each €1,000 in principal
- €750mn 1% 2023s with an outstanding principal of €750mn at a purchase price of €1,020.65 for each €1,000 in principal
- €1bn 2.25% 2024s with an outstanding principal of €1bn at a purchase price of €1,054.24 for each €1,000 in principal
- €750mn 1.75% 2025s with an outstanding principal of €750mn at a purchase price of €1,063.5 for each €1,000 in principal
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