Company: MT
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001243429-25-000067
Chunk: 26

Company: ArcelorMittal
Filing Date: 2025-08-01
Form: 6-K
Chunk 26
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 of Credit Facility also includes an accordion clause which allows the Company to invite lenders to increase their commitments up to $595 million in aggregate. On March 18, 2025, the Company exercised the option to extend the facility's maturity by one year to July 31, 2028. On July 28, 2025 the Company exercised the accordion clause to increase the total facility by $55 million to $500 million. The margin applicable to ArcelorMittal’s principal credit facilities ($5.5 billion revolving credit facility and certain other credit facilities) and the coupons on certain of its outstanding bonds are subject to adjustment in the event of certain changes in its long-term credit ratings. For information on the financing transactions the Company completed during the six months ended June 30, 2025, see note 9 to the interim condensed consolidated financial statements. On June 9, 2025, Standard & Poor's upgraded ArcelorMittal's credit rating from 'BBB-' to 'BBB' on improved business and assigned a 'Stable' outlook. On February 19, 2024, Moody’s revised its outlook on ArcelorMittal to 'Positive' from 'Stable' on expected strengthening of its business profile and structurally improving its profitability, and affirmed the ‘Baa3’ investment grade rating. ArcelorMittal's $5.5 billion revolving credit facility contains restrictive covenants, which among other things, limit

| 18 |     | Interim Management Report |

Business overview continued

encumbrances on the assets of ArcelorMittal and its subsidiaries, the ability of ArcelorMittal’s subsidiaries to incur debt and the ability of ArcelorMittal and its subsidiaries to dispose of assets in certain circumstances.

The borrowing base facility at ArcelorMittal South Africa remains subject to a financial covenant as of June 30, 2025. Non-compliance with the covenant would entitle the lenders under such facility to accelerate repayment obligations. The Company was in compliance with the financial covenant related to this borrowing as of June 30, 2025.

As of June 30, 2025, ArcelorMittal had guaranteed $1,440 million of debt of its operating subsidiaries, compared to $375 million as of December 31, 2024. See also note 14 to the interim condensed consolidated financial statements for all other ArcelorMittal guarantees for joint ventures indebtedness of $5.3 billion including $4.1 billion issued on behalf of AM