ArcelorMittal in Debt Tender Offer

Cleary Gottlieb represented ArcelorMittal in a cash tender offer to purchase any and all of its (i) $1.5 billion 6.125% Notes due 2018, (ii) EUR 1 billion 4.625% Notes due 2017 and (iii) EUR 500 million 0 4.50% Notes due 2018.

ArcelorMittal funded purchases of bonds tendered with existing cash resources, including the proceeds of its rights offering that closed on April 8, 2016 (and on which Cleary Gottlieb represented it).

Barclays, BNP Paribas, Citigroup and J.P. Morgan acted as dealer managers in the debt tender.

The tender offer launched on April 11, 2016 and settled on April 19, 2016.