Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 227

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 227
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 cash inflow from capital increase in Finocas subscribed by the Flemish government. For further details related to capital markets, liability management transactions and debt repayments in 2024, see note 6.1.2 to the consolidated financial statements. Net cash used in financing activities was $3.7 billion for the year ended December 31, 2023 , as compared to $0.5 billion for the year ended December 31, 2022 . In 2023, n et cash used in financing activities included primarily a € 1,117 million ( $1,207 million) outflow related to repayment of euro denominated notes at maturity, a $1,208 million outflow relating to share buybacks, and a $340 million outflow related to the partial redemption of mandatory convertible bonds. Net cash used in financing activities for the year ended December 31, 2023 also included $531 million in dividend payments (see below) and $253 million for lease payments and other financing activities. Net cash used in financing activities was $0.5 billion for the year ended December 31, 2022 and mainly included a $2.9 billion outflow with respect to the Company's two completed (and the third one ongoing) share buyback programs and an outflow of €486 million ($551 million) for the repayment of outstanding bonds at maturity. Such outflows were partly offset by an inflow from issuance of bonds for a total amount of $2.8 billion including $2.2 billion USD notes with two tranches (five-year $1.2 billion tranche at 6.55% and a ten-year $1.0 billion tranche at 6.80%) and €600 million ($580 million) four-year notes at 4.875%, an inflow from o ffering of five Schuldschein loans for a total amount of €725 million ($755 million) with maturities of 3 and 5 years, an inflow pursuant to drawdown on European Investment Bank facility of €280 million ($291 million) and a net inflow of $335 million from commercial paper. Net cash used in financing activities for the year ended December 31, 2022 also included $663 million in dividend payments (see below) and $160 million for lease payments and other financing activities. Dividend payments during the year ended December 31, 2024 of $580 million included $393 million paid to ArcelorMittal shareholders and $187