Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 478

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 478
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413 related to Enerfos as of

December 31, 2024 and 2023, respectively.

Guarantees, pledges and other collateral

Guarantees related to financial debt and credit lines given on

behalf of third parties were 256 and 155 as of December 31,

2024 and 2023, respectively. Additionally, guarantees of 11 and

12 were given on behalf of associates and guarantees of 6,259

and 4,992 were given on behalf of joint ventures as of

December 31, 2024 and 2023, respectively.

Guarantees given on behalf of joint ventures included 1,183

and 421 on behalf of Calvert, 186 and 208 on behalf of Al Jubail,

183 and nil on behalf of VdSA and 303 and 480 in relation to

outstanding lease liabilities for vessels operated by Global

Chartering as of December 31, 2024 and 2023, respectively.

Guarantees given on behalf of Calvert increased by 846 in 2024

in relation to a loan from the Industrial Development Authority of

Mobile County in Alabama (USA) following the issuance of

bonds. Guarantees given on behalf of joint ventures also

included 4,038 and 3,490 as of December 31, 2024 and 2023

corresponding to ArcelorMittal's 60% guarantee of the debt

under the term loan agreements entered into by the AMNS India

joint venture with various Japanese banks.

As of December 31, 2024 , pledges and other collateral mainly

related to (i) mortgages entered into by the Company’s

operating subsidiaries and (ii) inventories and receivables

pledged to secure the South African Rand revolving borrowing

base finance facility for the amount drawn of 144 and ceded

bank accounts to secure environmental obligations, true sale of

receivables programs and the revolving borrowing base finance

facility in South Africa of 95 . Pledges of property, plant and

equipment were 33 and 59 as of December 31, 2024 and 2023,

respectively. Other sureties, first demand guarantees, letters of

credit, pledges and other collateral included 291 and 319 of

commitments given on behalf of associates as of December 31,

2024 and 2023, respectively, and 404 and 313 of