Tag «net debt»

ArcelorMittal reduces net debt by US$4 billion

US$3.0 billion capital raise US$1.0 billion from sale of Gestamp Pro forma net debt below US$12 billion Luxembourg, 5 February, 2016 – ArcelorMittal (the “Company”) today announces a proposed[1] capital raise of US$3.0[2] billion which, alongside the sale of its minority stake in Gestamp for approximately US$1 billion also announced today, would reduce pro forma …