Press release from Business Wire
ArcelorMittal signs a US $6 billion 5 year Revolving Credit Facility
Tuesday, March 22, 2011
ArcelorMittal signs a US $6 billion 5 year Revolving Credit Facility03:00 EDT Tuesday, March 22, 2011
LUXEMBOURG (Business Wire) -- Regulatory News:
On 18 March 2011, ArcelorMittal signed a US$ 6 billion 5 year Revolving
Credit Facility (the “Facility”). The Facility will replace the €
5 billion Revolving Credit Facility under ArcelorMittal's existing €17
billion Credit Facility Agreement dated 30 November 2006, and will be
used for the general corporate purposes of the ArcelorMittal group.
The Facility attracted a very strong level of interest, allowing
ArcelorMittal to increase the amount of the Facility from the launch
amount of US$ 5 billion and to scale back the banks' initial commitment
levels.
The Facility was coordinated by Citigroup Global Markets Limited, Crédit
Agricole Corporate and Investment Bank and HSBC Bank plc.
About ArcelorMittalArcelorMittal is the world's leading steel company, with operations
in more than 60 countries.ArcelorMittal is the leader in all major global steel markets,
including automotive, construction, household appliances and packaging,
with leading R&D and technology, as well as sizeable captive supplies of
raw materials and outstanding distribution networks. With an industrial
presence in over 20 countries spanning four continents, the Company
covers all of the key steel markets, from emerging to mature.Through its core values of Sustainability, Quality and Leadership,
ArcelorMittal commits to operating in a responsible way with respect to
the health, safety and wellbeing of its employees, contractors and the
communities in which it operates. It is also committed to the
sustainable management of the environment and of finite resources.
ArcelorMittal recognises that it has a significant responsibility to
tackle the global climate change challenge; it takes a leading role in
the industry's efforts to develop breakthrough steelmaking technologies
and is actively researching and developing steel-based technologies and
solutions that contribute to combat climate change.In 2010, ArcelorMittal had revenues of $78.0 billion and crude steel
production of 90.6 million tonnes, representing approximately 8 per cent
of world steel output.ArcelorMittal is listed on the stock exchanges of New York (MT),
Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on the
Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).For more information about ArcelorMittal visit: www.arcelormittal.com
ArcelorMittal Investor RelationsEurope, +352 4792 2484Americas,
+1 312 899 3569Retail, +44 203 214 2417SRI, +44 203 214 2854Bonds/Credit,
+33 171 92 10 26orArcelorMittal Corporate CommunicationsE-mail:
press@arcelormittal.comPhone:
+352 4792 5000orArcelorMittal Corporate CommunicationsGiles
Read (Head of Media Relations), +44 20 3214 2845Arne Langner, +352
4792 3120Lynn Robbroeckx, +44 20 3214 2991orUnited
KingdomMaitland Consultancy:Rebecca Mitchell /
Martin Leeburn, + 44 20 7379 5151orFranceImage 7Sylvie
Dumaine / Anne-Charlotte Creach, +33 1 5370 7470
