ArcelorMittal secures $3 billion credit facility
Published: 17 Apr 2020
ArcelorMittal has received commitments from a group of banks for a new credit facility of $3 billion.
“The new Credit Facility will have a maturity of 12 months and can be used for general corporate purposes,” the steelmaker says. “While the company has no immediate need to draw on this new facility, it will provide additional financial flexibility in the current extraordinary circumstances.”
The company already has a €5.5 billion revolving credit facility, which remains undrawn and is fully available until December 2024, Kallanish notes.
Posted in Latest Updates
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Latest News
- EU flat steel distributor shipments show small increase for Jan-Feb 2023
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- Revista InfoAcero Marzo 2023
- Heavy steel plate prices edge down in Italy ahead of steady April; prices stable in Northern Europe
- Centravis to strengthen market position in Europe
- Aperam invests to reduce energy consumption
- Italian service centres struggle to increase prices
- German rebar buyers doubt mills’ anticipated hikes