Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 416

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 416
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223 |
| Total Corporate                                    |                  |     |                  |     |                |     |                             9,012 |     |  8,135 |
| Subsidiaries                                       |                  |     |                  |     |                |     |                                   |     |        |
| Other loans                                        |                  |     |                  |     |                |     |                               501 |     |    420 |
| Total                                              |                  |     |                  |     |                |     |                             9,513 |     |  8,555 |
| Less current portion of long-term debt             |                  |     |                  |     |                |     |                            -1,550 |     | -1,125 |
| Total long-term debt (excluding lease obligations) |                  |     |                  |     |                |     |                             7,963 |     |  7,430 |
| Long-term lease obligations2                       |                  |     |                  |     |                |     |                               852 |     |    939 |
| Total long-term debt, net of current portion       |                  |     |                  |     |                |     |                             8,815 |     |  8,369 |

1. Rates applicable to balances outstanding at December 31, 2024 . For debt that has been redeemed in its entirety during 2024 , the interest rates refer to the rates at

repayment date.

2. Net of current portion of 182 and 207 as of December 31, 2024 and 2023, respectively. See note 7.

252

| Consolidated financial statements                          |
| (millions of U.S. dollar, except share and per share data) |

Corporate 5.5billion Revolving Credit Facility On May 29, 2024, ArcelorMittal signed an agreement for a 5.5 billion revolving credit facility (the "Facility"). This Facility replaced the 5.5 billion revolving credit facility dated December 19, 2018, which was amended and extended on April 27, 2021. The agreement incorporated a single tranche of 5.5 billion maturing on May 29, 2029, with two one -year extension options. The Facility contains restrictive covenants, which among other things, limit encumbrances on the assets of ArcelorMittal and its subsidiaries, the ability of ArcelorMittal’s subsidiaries to incur debt and the