ArcelorMittal decides to increase the initial amount of its convertible bond offering, from EUR 750 M to 1.1 Billion
Luxembourg, March 24, 2009 - As a result of the strong demand for ArcelorMittal's bonds convertible and/or exchangeable into new and/or existing shares launched this morning, the Company has decided to increase the initial amount of the offering from EUR 750 M to 1.1 Billion.
The offering may be further increased up to a maximum of EUR 1.25 billion if the over-allotment option granted to the Joint Bookrunners is exercised in full and by March 31, 2009 at the latest.
The Bonds are being offered by way of a private placement to qualified investors within the meaning of Directive 2003/71/EC of the European Parliament and the Council of November 4th, 2003, in accordance with the respective regulations of each country in which the Bonds are offered. The Bonds are not being offered or sold in the United States of America, Australia, Canada and Japan.
This offering is lead-managed by CALYON and Société Générale Corporate & Investment Banking acting as Joint Lead-Managers and Joint Bookrunners.