ArcelorMittal to Redeem $1.4 Billion in Notes due in 2017
26 Abril 2016 - 1:15PM
Dow Jones News
By Alex MacDonald
LONDON--Steel giant ArcelorMittal said Tuesday its U.S. unit has
given notice to its noteholders of its plan to redeem $1.4 billion
of notes with a 4.5% coupon that are due to expire on February 25,
2017.
The Luxembourg-based steelmaker, the world's largest steel
producer by production capacity, said it would fund the redemption
with proceeds from its $3 billion rights offering in April.
Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
April 26, 2016 12:00 ET (16:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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