Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 419

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 419
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2024.

253

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

European Investment Bank (“EIB”) Loan On June 2, 2021, ArcelorMittal signed a € 280million loan agreement with the European Investment Bank ("EIB") for funding of research, development and innovation projects in Europe over the period of 2021-2023. This operation benefits from a guarantee from the European Union under the European Fund for Strategic Investments. On March 16, 2022 ArcelorMittal draw down the facility in full. As of December 31, 2024, € 262 million ( 273 ) was outstanding. On December 16, 2016, ArcelorMittal signed a € 350million finance contract with the EIB in order to finance European research, development and innovation projects over the period 2017-2020 within the European Union, mainly in France, Belgium, Spain, Poland and Luxembourg. This funding benefits from a guarantee from the European Union under the European Fund for Strategic Investments. As of December 31, 2024 , € 15million ( 15 ) was outstanding. Other loans On May 4, 2022, ArcelorMittal completed the offering of a € 346.5million variable rate loan, a € 24.5million fixed rate loan, a € 263million variable rate loan and a € 66million fixed rate loan in the German Schuldschein market. On May 6, 2022, the Company further completed the offering of a € 25million fixed rate loan. The proceeds of these issuances were used for general corporate purposes. As of December 31, 2024, € 724 million ( 753 ) was outstanding. On December 21, 2018, the Company entered into a facility agreement with a group of lenders for € 235million to finance the construction of a new hot strip mill in Mexico. This facility became effective upon issuance of a guarantee by the Oesterreichische Kontrollbank AG in March 2019. The last installment under this agreement is due December 28, 2029 . The outstanding amount in total as of December 31, 2024 was € 97million ( 101 ). Other loans relate to various debt with banks and public institutions. Americas Other loans Other loans relate mainly to loans contracted by ArcelorMittal subsidiaries in Mexico and Canada with different counterpart