Company: MT
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001243429-25-000067
Chunk: 62

Company: ArcelorMittal
Filing Date: 2025-08-01
Form: 6-K
Chunk 62
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 of June 30, 2025. Non-compliance with the covenant would entitle the lenders under such facility to accelerate repayment obligations. On December 12, 2023, Calvert signed a 300Receivables Facility Agreement maturing on December 8, 2025. As of June 30, 2025, 225was drawn under the agreement. In June and December 2024, the Industrial Development Authority of Mobile County issued tax-exempt bonds of 378and 480, respectively, with a final maturity of June 1, 2054 and December 1, 2054, respectively, with Calvert. The bond proceeds support the construction and equipping of solid waste disposal infrastructure and related industrial facilities, including a melt shop in Calvert, Alabama. As of June 30, 2025, 843was outstanding under these agreements. Other The other loans relate to various debt with banks and public institutions. Hedge of net investments A portion of the Company's euro denominated debt (€ 4,438million as of June 30, 2025) is designated as a hedge of certain euro denominated investments (€ 8,269million as of June 30,

2025) in order to mitigate the foreign currency risk arising from certain euro denominated subsidiaries' net assets. The risk arises from the fluctuation in spot exchange rates between the U.S. dollar and euro, which causes the amount of the net investments to vary. The hedged risk in the hedge of net investments is a risk of a weakening euro against the U.S. dollar that will result in a reduction in the carrying amount of the Company's net investments in the subsidiaries subject to the hedge. The euro denominated debt is designated as a hedging instrument for the change in the value of the net investments that is attributable to changes in the euro/U.S. dollar spot rate. To assess hedge effectiveness, the Company determines the economic relationship between the hedging instrument and the hedge item by comparing changes in the carrying amount of the debt portfolio that are attributable to a change in the spot rate with changes in the net investments in the foreign operations due to movements in the spot rate.

For the six months ended June 30, 2025, the Company recognized in other comprehensive income within the foreign exchange translation reserve 619foreign exchange loss arising on the translation of the euro denominated debt designated as a hedge of the euro denominated net investments.

NOTE 10 – FINANCIAL INSTRUMENTS

The