Hier de originele versie:
ArcelorMittal Announces Offers to Purchase for Cash Up to $600,000,000 Aggregate Principal Amount of its Outstanding Notes Listed Below
Title of Security
CUSIP/ISIN
Outstanding Principal Amount
Early Tender Premium (1)
Total Consideration (Acceptable Bid Price Range) (2)
5.125% Notes due June 1, 2020 03938LAY0/ US03938LAY02 $500,000,000 $50 $1,008.75 - $1,051.25
5.250% notes due August 5, 2020 (3) 03938LAQ7/ US03938LAQ77 $1,000,000,000 $50 $1,021.25 - $1,063.75
5.500% notes due March 1, 2021 (4) 03938LAU8/ US03938LAU89 $1,500,000,000 $50 $1,011.25 - $1,053.75
(1) Per $1,000 principal amount of Notes validly tendered at or prior to the Early Tender Time (as defined herein) and not validly withdrawn.
(2) Per $1,000 principal amount of Notes validly tendered at or prior to the Early Tender Time and not validly withdrawn. Includes the Early Tender Premium (as defined herein). Does not include Accrued Interest (as defined herein).
(3) The interest rate on the August 2020 Notes increased pursuant to an interest adjustment clause applicable to the August 2020 Notes and is currently 6.250%.
(4) The interest rate on the 2021 Notes increased pursuant to an interest adjustment clause applicable to the 2021 Notes and is currently 6.500%.
June 14, 2016 – ArcelorMittal (the “ Company ” or “ ArcelorMittal ”) announces the launch of its tender offers (the “ Offers ”) to purchase for cash up to the Maximum Tender Amount (as defined herein) in the aggregate of its outstanding 5.125% Notes due June 1, 2020 (CUSIP 03938LAY0/ ISIN US03938LAY02) (the “ June 2020 Notes ”), 5.250% notes due August 5, 2020 (CUSIP 03938LAQ7/ ISIN US03938LAQ77) (the “ August 2020 Notes ”) and 5.500% notes due March 1, 2021 (CUSIP 03938LAU8/ ISIN US03938LAU89) (the “ 2021 Notes ” and, together with the June 2020 Notes and the August 2020 Notes, the “ Notes ”).
This announcement does not contain the full terms and conditions of the Offers, which are contained in the offer to purchase dated June 14, 2016 (as it may be amended or supplemented from time to time, the “ Offer to Purchase ”), and is subject to the offer restrictions set out below and more fully described in the Offer to Purchase.
Notes may be validly tendered at any time on or before 11:59 p.m., New York City time, on July 12, 2016, unless extended or earlier terminated (as may be extended or earlier terminated, the “ Expiration Time ”). Notes must be tendered in accordance with the procedures set forth in the Offer to Purchase. To receive the Total Consideration (as defined herein), plus any Accrued Interest, Holders must tender their Notes prior to 5:00 p.m., New York City time, on June 27, 2016, unless extended (such time, as the same may be extended, the “ Early Tender Time ”). The Total Consideration includes an early tender premium of $50 per $1,000 principal amount of Notes (the “ Early Tender Premium ”). Holders who validly tender their Notes after the Early Tender Time but at or prior to the Expiration Time will only be eligible to receive the “ Tender Consideration ”, which is the applicable Total Consideration minus the Early Tender Premium, plus any Accrued Interest.
The “ Maximum Tender Amount ” is $600 million in aggregate principal amount of the Notes. The Company expressly reserves the right in its sole discretion, subject to applicable law, to increase the Maximum Tender Amount after the determination of the Clearing Premium (as defined in the Offer to Purchase) at the Early Tender Time without extending the Withdrawal Deadline (as defined herein) or otherwise reinstating withdrawal rights.
The Offers are being conducted as a modified “Dutch Auction”. If a Holder elects to participate in an Offer, such Holder may specify the minimum Total Consideration (the “ Bid Price ”) within the price range applicable to the relevant Series that such Holder would be willing to receive in payment for each $1,000 principal amount of Notes from such Series that the Holder tenders in the Offer. The terms and conditions applicable to Holders’ Bid Prices and the bidding procedure are described in the section “The Offers—Description of the Offers—Bidding Procedure” in the Offer to Purchase.
At the Early Tender Time, the Company will determine a single Clearing Premium based on the Bid Premiums (as defined in the Offer to Purchase) for all Notes tendered at or prior to the Early Tender Time in accordance with the modified “Dutch Auction” procedure described in the section “The Offers—Description of the Offers—Clearing Premium and Total Consideration” in the Offer to Purchase. The “ Total Consideration ” for each $1,000 principal amount of Notes validly tendered at or prior to the Early Tender Time and not validly withdrawn and accepted for purchase pursuant to the Offers will be equal to the sum of: (i) the Minimum Bid Price for the relevant Series and (ii) the Clearing Premium determined in accordance with this modified “Dutch Auction” procedure.