logo
  

ArcelorMittal Prices Offering Of $2.2 Bln Notes

Steel major ArcelorMittal S.A. (MT) said on Tuesday that it has priced an offering of $1.2 billion, 6.550 percent notes due 2027, and $1 billion, 6.800 percent due 2032.

The steel manufacturing major intends to use proceeds from the offering for general corporate purposes.

The offering is expected to be closed on November 29.

ArcelorMittal also noted that the upon the closing of transaction, commitments which are available under a $2.2 billion bridge term facility deal with a financial provider for the proposed acquisition of Companhia Siderúrgica do Pecém will be cancelled.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Precision care innovator GE HealthCare Technologies, Inc., recently spun-off from General Electric Co., reported on Monday that profit for the fourth quarter declined from last year, reflecting higher interest and other financial charges. The company also initiated adjusted earnings guidance for the full-year 2023. Japanese auto major Toyota Motor Corp. has retained its title as the world's top selling automaker in fiscal 2022 for the third straight year, by selling around 10.5 million vehicles. The global sales were nearly flat with last year amid solid demand centered around Asia, while global production grew with increased capacity and production optimization in North America and Asia. Dutch consumer electronics giant Philips Electronics NV reported Monday a loss in its fourth quarter, compared to prior year's profit, even as sales increased. The company further declared a dividend, and said its order book remains strong. Going ahead, the company projects comparable sales growth in fiscal 2023, 2025, and beyond.
RELATED NEWS
Follow RTT