Mittal Steel Company N.V. Files Shelf Registration Statement in the United States
Posted on: Friday, 30 September 2005, 18:00 CDT
Mittal Steel Company N.V. ("Mittal Steel" or "the Company") today announced it has filed a shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission. The registration statement, upon being declared effective by the U.S. Securities and Exchange Commission, will enable Mittal Steel to offer newly issued securities, including debt securities, class A common shares, warrants and units, from time to time, having an aggregate value of up to US$3.0 billion.
This is Mittal Steel's first shelf registration and is being filed to enhance the Company's financial flexibility. The shelf registration statement does not provide for offerings of securities by existing shareholders.
The timing of any offering and the amount, type, price and other terms of securities offered at any time are subject to market conditions and the Company's funding requirements, and will be determined at the time of any offering and set out in a prospectus supplement. Subject to another use specified in the prospectus supplement, Mittal Steel intends to use the net proceeds of any offering for general corporate purposes, including financing major capital expenditures and acquisitions.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective absent an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About Mittal Steel
Mittal Steel is the world's largest and most global steel Company. The company has operations in fourteen countries, on four continents. Mittal Steel encompasses all aspects of modern steelmaking, to produce a comprehensive portfolio of both flat and long steel products to meet a wide range of customer needs. It serves all the major steel consuming sectors, including automotive, appliance, machinery and construction.
For 2004, Mittal Steel had revenues of US$22.2 billion and steel shipments of 42.1 million tons. The Company trades on the New York Stock Exchange and Euronext Amsterdam under the ticker symbol "MT".
Source: Business Wire
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