Loan & DebtMay 13, 2026, 02:01 PM
ArcelorMittal Issues $1B 5.375% Notes Due 2036
AI Summary
ArcelorMittal has entered into an underwriting agreement to issue and sell $1,000,000,000 principal amount of 5.375% Notes due May 19, 2036. The notes were priced at 99.162% of face amount, yielding 5.485% to maturity. The net proceeds from the offering, approximately $987.12 million after underwriting discounts, will be used for general corporate purposes.
Key Highlights
- Issued $1,000,000,000 principal amount of 5.375% Notes due May 19, 2036.
- Notes priced at 99.162% of face amount, with a yield to maturity of 5.485%.
- Interest payments are semi-annual, commencing November 19, 2026.
- Net proceeds after underwriting discount are approximately $987,120,000.
- Proceeds will be used for general corporate purposes.
- Notes rated Baa2 by Moody's and BBB by S&P.
- J.P. Morgan Securities LLC is the representative underwriter.
Price Impact
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