ArcelorMittal calls all 5.5% notes for Dec. 27 redemption

By Wendy Van Sickle

Columbus, Ohio, Nov. 27 – ArcelorMittal called all of its 5.5% notes due March 1, 2021 for redemption on Dec. 27, according to a press release.

Following prior tender offers, there is currently $756,095,000 of the original $1.5 billion of notes outstanding.

The notes will be redeemed at a redemption price equal to par plus a make-whole premium calculated using a discount rate of Treasuries plus 35 basis points plus accrued interest to the redemption date.

ArcelorMittal is a steel and mining company based in Luxembourg.

© 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.