trending Market Intelligence /marketintelligence/en/news-insights/trending/2GNHwbwrAZKz1Ph0I7veuQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

ArcelorMittal ups debt buyback to US$1.41B from US$1.25B

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


ArcelorMittal ups debt buyback to US$1.41B from US$1.25B

ArcelorMittal on Oct. 13 increased the size of its recently reported debt buyback offer, with the initial maximum tender cap increased to US$1.41 billion from US$1.25 billion.

The steel giant said it made the move to avoid proration of any series of notes validly tendered.

Meanwhile, ArcelorMittal accepted for repurchase US$1.19 billion in 2022, 2039 and 2041 notes by the Oct. 12 early tender date. They are ranked according to acceptance priority, with the 2022 notes as the top priority and the 2039 notes as the last.

The cash offer for the notes remains open until Oct. 26.

ArcelorMittal will fund the offers using existing cash resources to reduce gross debt and interest expenses.