BNP Paribas, Crédit Agricole, J.P. Morgan and Société Générale provided underwriting commitments in respect of a new $3 billion credit facility for ArcelorMittal.
The facility further enhances ArcelorMittal’s liquidity position of $10.5 billion as of Dec. 31, 2019, including a €5.5 billion ($5.9 billion) revolving credit facility, which remains undrawn and is fully available until December 2024.
The new credit facility will have a maturity of 12 months and can be used for general corporate purposes.
ArcelorMittal is a steel and mining company with a presence in 60 countries and an industrial footprint in 18 countries.
