ArcelorMittal Commences an Exchange Offer for its U.S.$1,500,000,000 5.375% Notes Due 2013 and U.S.$1,500,000,000 6.125% Notes D
08 Oktober 2008 - 5:49PM
PR Newswire (US)
LUXEMBOURG, Oct. 8 /PRNewswire-FirstCall/ -- ArcelorMittal (NYSE:
MT; Euronext Amsterdam by NYSE Euronext: MT; Euronext Paris by NYSE
Euronext: MTP; Euronext Brussels by NYSE Euronext: MTBL; Luxembourg
Stock Exchange: MT; Spanish Stock Exchanges of Barcelona, Bilbao,
Madrid and Valencia: MTS) announced today that it has offered to
exchange (the "Exchange Offer"), commencing on October 8, 2008, (i)
an aggregate principal amount of up to U.S.$1,500,000,000 of its
5.375% Notes due 2013 (the "2013 Exchange Notes"), which have been
registered under the United States Securities Act of 1933, as
amended (the "Securities Act"), for a like aggregate principal
amount of its unregistered outstanding 5.375% Notes due 2013 (the
"2013 Original Notes") and (ii) an aggregate principal amount of up
to U.S.$1,500,000,000 of its 6.125% Notes due 2018, (the "2018
Exchange Notes," and together with the 2013 Exchange Notes, the
"Exchange Notes"), which have been registered under the Securities
Act, for a like aggregate principal amount of its unregistered
outstanding 6.125% Notes due 2018 (the "2018 Original Notes," and
together with the 2013 Original Notes, the "Original Notes"). The
form and terms of the Exchange Notes are identical in all material
respects to the form and terms of the Original Notes, except that
the Exchange Notes, having been registered under the Securities
Act, will not contain terms with respect to transfer restrictions.
In addition, following the consummation of the Exchange Offer, none
of the Exchange Notes will be entitled to the benefits of the
registration rights agreement relating to the increased interest
rate, or special interest, provided for pursuant thereto. The
Exchange Offer will expire at 5:00pm, New York City time, on
November 7, 2008 (the "Expiration Date"), unless the Exchange Offer
is extended. Documents in connection with the Exchange Offer are
available from the exchange agent set forth below. Questions and
requests for the documents in connection with the Exchange Offer
may also be directed to the Information Agent set forth below.
Exchange Agent HSBC Bank USA, National Association Corporate Trust
& Loan Agency 2 Hanson Place, 14th Floor Brooklyn, New York
10217-1409 Attention: Corporate Trust Operations Telephone: (800)
662-9844 Information Agent D.F. King & Co., Inc. 48 Wall
Street, 22nd Floor New York, New York 10005 Banks and Brokers Call
(Collect): 212-269-5550 All Others Call (Toll Free): 800-290-6429
About ArcelorMittal ArcelorMittal is the world's leading steel
company, with over 320,000 employees 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. In 2007 ArcelorMittal had revenues of
U.S.$105.2 billion and crude steel production of 116 million
tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT),
Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and
on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS). For more information about ArcelorMittal visit:
http://www.arcelormittal.com/. Legal Disclaimer This press release
does not constitute an offer to purchase any securities or the
solicitation of an offer to sell any securities. The exchange offer
is being made only pursuant to the prospectus dated October 8, 2008
and only to such persons and in such jurisdictions as is permitted
under applicable law and as set forth in such prospectus. This
document may contain forward-looking information and statements
about ArcelorMittal and its subsidiaries. These statements include
financial projections and estimates and their underlying
assumptions, statements regarding plans, objectives and
expectations with respect to future operations, products and
services, and statements regarding future performance.
Forward-looking statements may be identified by the words
"believe," "expect," "anticipate," "target" or similar expressions.
Although ArcelorMittal's management believes that the expectations
reflected in such forward-looking statements are reasonable,
investors and holders of ArcelorMittal's securities are cautioned
that forward-looking information and statements are subject to
numerous risks and uncertainties, many of which are difficult to
predict and generally beyond the control of ArcelorMittal, that
could cause actual results and developments to differ materially
and adversely from those expressed in, or implied or projected by,
the forward-looking information and statements. These risks and
uncertainties include those discussed or identified in the filings
with the Luxembourg Stock Market Authority for the Financial
Markets (Commission de Surveillance du Secteur Financier) and the
United States Securities and Exchange Commission (the "SEC") made
or to be made by ArcelorMittal, including ArcelorMittal's Annual
Report on Form 20-F filed with the SEC. ArcelorMittal undertakes no
obligation to publicly update its forward-looking statements,
whether as a result of new information, future events, or
otherwise. DATASOURCE: ArcelorMittal CONTACT: Tom Long, D.F. King
& Co., Inc., +1-212-493-6920, Web Site:
http://www.arcelormittal.com/
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