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ArcelorMittal Prices $3 Bln Bond Issue - Quick Facts

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ArcelorMittal (MT: Quote) yesterday completed the pricing of three series of US dollar denominated notes, consisting of $500 million aggregate principal amount of its 3.750% notes due 2015, $1.4 billion aggregate principal amount of its 4.500% Notes due 2017 and $1.1 billion aggregate principal amount of its 6.250% notes due 2022.

The proceeds to ArcelorMittal before expenses, totaling nearly $2.98 billion, would be used for general corporate purposes and to refinance existing indebtedness. The offering is slated to close on February 28, 2012.

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by RTT Staff Writer

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