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The leading steel and mining company, ArcelorMittal received underwriting commitments in respect of a new US$3bn credit facility from BNP Paribas, Crédit Agricole Corporate & investment Bank, J.P. Morgan and Société Générale.

  • The new Credit Facility will have a maturity of 12 months and can be used for general corporate purposes.
  • While the Company has no immediate need to draw on this new Credit Facility, it will provide additional financial flexibility in the current extraordinary circumstances.

    In March 2020, AMNS Luxembourg Holding S.A. the parent company of the AMNS India (ArcelorMittal Nippon Steel ) joint venture in partnership with Nippon Steel Corporation (NSC), entered into a $5.146 billion ten-year term loan agreement with Japan Bank for International Cooperation and MUFG BANK, LTD. , SUMITOMO MITSUI BANKING CORPORATION, MIZUHO BANK EUROPE N.V., and SUMITOMO MITSUI TRUST BANK, LIMITED (LONDON BRANCH).

    In December 2019, ArcelorMittal announces that AM InvestCo had signed a non-binding agreement with the government appointed Ilva commissioners that forms a basis to continue negotiations on a new industrial plan for Ilva, including discussions on a substantial equity investment by a government-controlled entity.

    In December 2019, ArcelorMittal, had signed a share purchase agreement with DryLog Ltd (DryLog) for the sale of a 50% stake in Global Chartering Limited (GCL), its wholly owned shipping business, and will subsequently form a 50:50 shipping joint venture with DryLog.

About ArcelorMittal
ArcelorMittal is the world’s leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. ArcelorMittal is at the forefront of steel production research and development (R&D) with 11 major research centres worldwide. ArcelorMittal has a global portfolio of 13 operating units with mines in operation and development, and is one of the largest iron ore producers in the world.

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