Davis Polk advised J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers of a $3 billion SEC-registered offering by ArcelorMittal consisting of $500 million aggregate principal amount of 3.75% notes due 2015, $1.4 billion aggregate principal amount of 4.5% notes due 2017 and $1.1 billion aggregate principal amount of 6.25% notes due 2022.

Davis Polk is also currently advising J.P. Morgan Securities LLC as dealer manager for a cash tender offer by ArcelorMittal to purchase any and all of ArcelorMittal’s outstanding 5.375% notes due 2013. 

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; and the fourth-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 Amy T. Alter and Thomas J. Clarke. Partner John D. Paton and associate Sarah Joy provided tax advice. Vivienne M. Guiden was the legal assistant on the transaction. All members of the Davis Polk team are based in the Paris and London offices.