ArcelorMittal seeks 2.5 billion euros
Güncelleme Tarihi:
The Associated Press
Oluşturulma Tarihi: Mayıs 28, 2009 00:00
BRUSSELS - ArcelorMittal, the world's largest steelmaker, said Wednesday it would raise 2.5 billion euros by selling bonds to extend and refinance existing debt.
The company has reported large losses in its last two quarters as the global economic downturn caused demand to plummet. That has hurt its ability to pay off a massive debt burden - $26.7 billion on March 31 - from cash flow and led to share and bond issues to raise money.