EX-99.1 3 d545575dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

CAPITALIZATION AND INDEBTEDNESS

The following table sets out the consolidated capitalization and indebtedness of ArcelorMittal at December 31, 2017. You should read this table together with the Group’s consolidated financial statements and the other financial data appearing in its annual report on Form 20-F for the year ended December 31, 2017.

 

     As of December
31, 2017		  
     Actual  

Short-term borrowings, including current portion of long-term debt

      2,785  

Secured and Unguaranteed

      372  

Guaranteed and Unsecured

      41  

Secured and Guaranteed

      —    

Unsecured/Unguaranteed

      2,372  

Long-term borrowings, net of current portion

      10,143  

Secured and Unguaranteed

      504  

Guaranteed and Unsecured

      —    

Secured and Guaranteed

      —    

Unsecured/Unguaranteed

      9,639  

Equity attributable to the equity holders of the parent

      38,789  

Non-controlling interests

      2,066  

Total shareholder’s equity

      40,855  

Total capitalization (Total shareholder’s equity plus Short-term borrowings plus Long-term borrowings)

      53,783  

Except as disclosed herein, there have been no material changes in ArcelorMittal’s consolidated capitalization and indebtedness since December 31, 2017.

As of December 31, 2017, ArcelorMittal had guaranteed approximately $41 million of debt of its operating subsidiaries.

As of December 31, 2017, ArcelorMittal had approximately $876 million of consolidated secured indebtedness outstanding.

As of December 31, 2017, ArcelorMittal also had $5.5 billion of indebtedness available to be drawn under existing credit facilities, all of which would be unsecured, ArcelorMittal USA LLC (a subsidiary of ArcelorMitta) had $1.0 billion of indebtedness available to be drawn under an asset-based revolving credit facility, all of which would be secured, and ArcelorMittal South Africa Ltd. (a subsidiary of ArcelorMittal) had ZAR800 million ($65 million) of indebtedness available to be drawn under a borrowing base facility, all of which would be secured.

In January 2018, the Company entered into a bilateral financing facility due July 2018 for a total amount of €400 million.