ArcelorMittal says U.S. buy won't impact $15 billion debt target

ArcelorMittal's (MT.AS) acquisition of a U.S. plant jointly with Nippon Steel & Sumitomo Metal Corp will not affect the world No. 1 steelmaker's debt targets, ArcelorMittal's chief executive said on Sunday. ArcelorMittal unveiled the $1.55 billion takeover of ThyssenKrupp's (TKA.DE) U.S. steel finishing plant in Calvert, Alabama, on Friday, saying it would finance the deal via equity and debt at the joint venture level. ArcelorMittal Chief Executive Lakshmi Mittal told reporters on a conference call the deal would have a minimal impact on this year's debt and no effect on its medium term debt target. Chief Financial Officer Aditya Mittal said ArcelorMittal and Nippon would split the equity cost of the deal.

via Business News - Yahoo Finance http://finance.yahoo.com/news/arcelormittal-says-u-buy-wont-152936181.html