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ArcelorMittal to redeem outstanding US$1.5B 6.125% notes due 2018

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ArcelorMittal to redeem outstanding US$1.5B 6.125% notes due 2018

ArcelorMittal said Nov. 28 that it intends to redeem all of its outstanding US$1.5 billion 6.125% notes due June 1, 2018, which amounts to US$643.5 million, on Dec. 28.

Earlier this month, S&P Global Ratings revised the outlook on the steelmaker to positive from stable and affirmed the long- and short-term corporate credit ratings at BB+/B.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.