Davis Polk advised Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers of an SEC-registered offering of US$500 million aggregate principal amount of 3.75% notes due 2016, US$1.5 billion aggregate principal amount of 5.50% notes due 2021 and US$1 billion aggregate principal amount of 6.75% notes due 2041 by ArcelorMittal.

ArcelorMittal is the world’s largest and most global steel producer, with steel-making operations in 20 countries on four continents. ArcelorMittal is the largest steel producer in the Americas, Europe and Africa, the second-largest steel producer in the Commonwealth of Independent States and has a growing presence in Asia, particularly in China. 

The Davis Polk corporate team included partner Andrés V. Gil and associates Julie Herzog and Amy T. Alter of the Paris office. Partner John D. Paton and associate Adam B. Perry of the London office provided tax advice. Vivienne M. Guiden was the legal assistant on the transaction.