ArcelorMittal’s $250 Million Cash Tender Offer

Shearman & Sterling represented BBVA Securities Inc., Citigroup Global Markets Limited, HSBC Bank plc, Mizuho Securities USA LLC and Natixis as dealer managers on the deal.

ArcelorMittal executed any and all cash tender offer of its outstanding 6.125% notes due 2025.

An aggregate principal amount of $249,886,000 Notes were purchased pursuant to the Tender Offer.

ArcelorMittal is the world’s leading steel and mining company, with a presence in 60 countries and an industrial footprint in 19 countries. Guided by a philosophy to produce safe, sustainable steel, ArcelorMittal is the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.

Shearman & Sterling represented the dealer managers with a team comprised of Marwa Elborai (Picture), Stephen Mcnamara, Alex Despotovic, Kristen Garry, Thomas Donegan, Ahuva Weinreich, and Kristina Killick.

Involved fees earner: Alex Despotovic – Shearman & Sterling; Thomas Donegan – Shearman & Sterling; Marwa Elborai – Shearman & Sterling; Kristen Garry – Shearman & Sterling; Kristina Killick – Shearman & Sterling; Stephen McNamara – Shearman & Sterling; Ahuva Weinreich – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: BBVA Securities Inc.; Citigroup Global Markets Ltd; Hsbc Bank plc; Mizuho Securities; Natixis;