ARCXF ArcelorMittal
Price Chart
Executive Summary
ArcelorMittal issued $1 billion of 5.375% senior unsecured notes due 2036 via a sixth supplemental indenture dated May 19, 2026. The filing is a routine debt capital markets closing that finalizes the 424B5 offering filed six days earlier, modestly increasing leverage from $13.7 billion to approximately $14.7 billion as-adjusted but does not signal a change in the company's credit profile.
Actionable Insight
Monitor next quarterly filing (6-K) for leverage ratio and coverage metrics. The 5.375% coupon provides a measurable credit cost increase, but the company's strong net income improvement ($3.2B in 2025 vs $1.3B in 2024) supports the incremental debt load. No near-term catalyst from this closing.
Key Facts
- Issued $1,000,000,000 aggregate principal amount of 5.375% senior unsecured notes due May 19, 2036.
- Notes are senior unsecured obligations governed by New York law, issued under base indenture dated June 1, 2015.
- Proceeds of approximately $985.5 million after underwriting discount and expenses for general corporate purposes.
- Net income was $3.2 billion in 2025 versus $1.3 billion in 2024, though sales declined from $62.4 billion to $61.4 billion.
- Total debt increases from $13.7 billion to approximately $14.7 billion on an as-adjusted basis.
Financial Impact
Debt increased by $1 billion to approximately $14.7 billion as-adjusted, with net proceeds of ~$985.5 million; coupon 5.375% maturing 2036.
Risk Factors
- Rising leverage if earnings decline in a steel market downturn.
- Interest expense will increase by ~$53.8 million annually from the new notes.
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-063637 |
| Document: tm267064d8_ex5-1.htm | 0001104659-26-063637 |
| Document: tm267064d8_ex5-2.htm | 0001104659-26-063637 |
| Document: tm267064d8_6k.htm | 0001104659-26-063637 |
| Document: 0001104659-26-063637-index-headers.html | 0001104659-26-063637 |
| Document: 0001104659-26-063637-index.html | 0001104659-26-063637 |
| Document: 0001104659-26-063637.txt | 0001104659-26-063637 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
11d ago
|
6-K
| $0.0587 $0.0587 | · 0.00% | ▼ −0.40% | $0.0587 (−0.00%) |
|
May 27, 2026
18d ago
|
6-K
| $0.0587 $0.0587 | · 0.00% | ▼ −0.55% | $0.0587 (−0.00%) |
|
May 19, 2026
26d ago
|
6-K
| $0.0587 $0.0587 | · 0.00% | ▼ −1.04% | $0.0587 (−0.00%) |
|
May 19, 2026
26d ago
|
6-K
| $0.0587 $0.0587 | · 0.00% | ▼ −1.04% | $0.0587 (−0.00%) |
|
May 14, 2026
4w ago
|
6-K
| $0.0587 $0.0587 | · 0.00% | ▲ +1.23% | $0.0587 (−0.00%) |
|
May 13, 2026
4w ago
|
424B5
| $0.0587 $0.0587 | · 0.00% | ▼ −0.78% | $0.0587 (−0.00%) |
|
May 13, 2026
4w ago
|
6-K
| $0.0587 $0.0587 | · 0.00% | ▼ −0.78% | $0.0587 (−0.00%) |
|
May 12, 2026
4w ago
|
424B5
| $0.0587 $0.0587 | · 0.00% | ▼ −0.58% | $0.0587 (−0.00%) |
|
May 12, 2026
4w ago
|
6-K
| $0.0587 $0.0587 | · 0.00% | ▼ −0.58% | $0.0587 (−0.00%) |
|
May 6, 2026
5w ago
|
6-K
| $0.0587 $0.0587 | · 0.00% | ▲ +0.33% | $0.0587 (−0.00%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access