ArcelorMittal, a leading global steel company, signed a $6 billion five-year revolving credit facility. The facility will replace the €5 billion revolving credit facility under ArcelorMittal's existing €17 billion Credit Facility Agreement dated November 30, 2006, and will be used for the general corporate purposes of the ArcelorMittal group.
The facility attracted a very strong level of interest, allowing ArcelorMittal to increase the amount of the facility from the launch amount of $5 billion and to scale back the banks' initial commitment levels.
The facility was coordinated by Citigroup Global Markets, Crédit Agricole Corporate and Investment Bank and HSBC Bank.