Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 420

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 420
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ies. Europe, Asia and Africa On December 15, 2022, AMKR entered into a 100 loan agreement with EBRD for working capital purposes. As of December 31, 2024, 100 was drawn under the agreement. On November 17, 2023, AMKR entered into a 150 loan agreement with EBRD for working capital purposes. 80 were committed and fully drawn as of December 31, 2024. 70 will be committed by EBRD in 2025 upon AMKR's request. On May 25, 2017, ArcelorMittal South Africa signed a 4.5billion South African rand revolving borrowing base finance facility maturing on May 25, 2020. The facility was amended and extended on July 26, 2019 with a maturity of July 26, 2022. On August 23, 2021, the facility was further amended and restated for an amount of 3.5billion South African rand and with a maturity of September 3, 2024. On August 30, 2023, the facility was further amended and restated for an amount of 4.5billion South African rand and with a maturity of September 7, 2026. Any borrowings under the facility are secured by certain eligible inventory and receivables, as well as certain other working capital and related assets of ArcelorMittal South Africa. The facility is used for general corporate purposes. The facility is not guaranteed by ArcelorMittal. As of December 31, 2024, 2.7 billion South African rand ( 144 ) was drawn. The borrowing base facility at ArcelorMittal South Africa remains subject to a financial covenant as of December 31, 2024. Non-compliance with the covenant would entitle the lenders under such facility to accelerate repayment obligations. On December 28, 2023, and on March 4, 2024, AM Green Energy signed two INR 7.5billion ( 175 ) loans to finance the development of its renewable energy project. As of December 31, 2024, INR 15billion ( 175 ) was outstan ding. Other loans Other loans mainly relate to loans contracted by ArcelorMittal subsidiaries with different counterparties. Hedge of net investments As of April 1, 2018 , the Company designated a portfolio of euro denominated debt (