New Issue: ArcelorMittal sells $750 million 4.55% seven-year notes at 200 bps over Treasuries

By Devika Patel

Knoxville, Tenn., March 6 – ArcelorMittal priced $750 million of 4.55% seven-year notes (Aaa/AAA/AAA) on Wednesday at 99.715 to yield 4.598%, or 200 basis points over Treasuries, according to an FWP filed with the Securities and Exchange Commission.

BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Agricole CIB, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets LLC, BNP Paribas Securities Corp., Commerz Markets LLC, ING Financial Markets LLC, Santander Investment Securities Inc., SMBC Nikko Securities America, Inc., SG Americas Securities LLC and UniCredit Capital Markets LLC were the bookrunners.

Proceeds will be used to repay debt, including the $1 billion outstanding under a $7 billion term facilities agreement.

ArcelorMittal is a Luxembourg-based steel producer.

Issuer:	ArcelorMittal
Description:	Notes
Amount:	$750 million
Maturity:	March 11, 2026
Bookrunners:	BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Agricole CIB, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets LLC, BNP Paribas Securities Corp., Commerz Markets LLC, ING Financial Markets LLC, Santander Investment Securities Inc., SMBC Nikko Securities America, Inc., SG Americas Securities LLC and UniCredit Capital Markets LLC
Coupon:	4.55%
Price:	99.715
Yield:	4.598%
Spread:	Treasuries plus 200 bps
Call:	Make-whole call at Treasuries plus 30 bps
Trade date:	March 6
Settlement date:	March 11
Ratings:	Moody’s: Aaa
	S&P: AAA
	Fitch: AAA
Distribution:	SEC registered

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.