AK STEEL HOLDING CORPORATION (NYSE:AKS) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
The disclosure under Item 1.01 above pertaining to the Notes and the Indenture is incorporated by reference into this Item 1.01.
Tender Offer and Redemption of Old Notes
On August9, 2017, AK Steel announced the results of the Cash Tender Offer, which expired as of 5:00 p.m., New York City time, on August8, 2017 (the “Expiration Time”). Holders validly tendered $189,391,000 in aggregate principal amount of the Old Notes prior to the Expiration Time at an aggregate purchase price equal to $1,046.70 per $1,000 principal amount of Old Notes tendered plus accrued and unpaid interest, and AK Steel accepted for purchase all Old Notes that were validly tendered prior to the Expiration Time. On August9, 2017, AK Steel also announced in a notice of redemption that it will redeem any and all of its outstanding Old Notes on September8, 2017 at a redemption price of 104.188% plus accrued and unpaid interest.
Opinion of Counsel
Weil, Gotshal& Manges LLP, counsel to AK Steel and AK Holding, has issued an opinion to AK Steel and AK Holding, dated August9, 2017, regarding the legality of the Notes, the related guarantees and certain other related matters. A copy of the opinion is filed as Exhibit5.1 hereto. Such opinion is incorporated by reference into the Registration Statement.
| Item 1.01 | Financial Statements and Exhibits. |
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Exhibit No. |
Description |
| 4.1 | Eighth Supplemental Indenture, dated as of August9, 2017, among AK Steel Corporation, as issuer, the guarantors named therein and U.S. Bank National Association, as trustee. |
| 5.1 | Opinion of Weil, Gotshal& Manges LLP. |
AK STEEL HOLDING CORP ExhibitEX-4.1 2 d441233dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 AK Steel Corporation as the Company AK Steel Holding Corporation as the Parent Guarantor AK Tube LLC,…To view the full exhibit click here
About AK STEEL HOLDING CORPORATION (NYSE:AKS)
AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing. The Company also produces metallurgical coal through its subsidiary, AK Coal Resources, Inc. (AK Coal). In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials. It sells flat-rolled carbon steel products, consisting of coated, cold-rolled, and hot-rolled carbon steel products.