United States Steel Corporation (NYSE:X) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement
On August 4, 2017, United States Steel Corporation (the “Corporation”) issued $750 million aggregate principal amount of 6.875% Senior Notes due 2025 (the “Notes”). The Notes were issued to an indenture dated as of May21, 2007 by and between the Corporation and The Bank of New York Mellon (formerly known as The Bank of New York), as trustee (the “Trustee”), a copy of which was filed as Exhibit 4.1 to the Corporation’s Report on Form 8-K filed on May22, 2007, as supplemented by an eighth supplemental indenture, dated as of August4, 2017, by and between the Corporation and the Trustee (the “Supplemental Indenture”).
The Supplemental Indenture provides for the issuance and sets forth the terms of the Notes. A specimen copy of the Notes is attached as an exhibit to the Supplemental Indenture. The Supplemental Indenture also contains covenants regarding limitations on liens, sale-leasebacks and mergers and consolidations. It also includes provisions requiring the Corporation to offer to repurchase the Notes upon a change of control repurchase event and redemption and other customary provisions. A copy of the Supplemental Indenture is filed herewith as Exhibit 4.1.
In connection with the issuance of the Notes, DLA Piper LLP (US) provided the Corporation with the legal opinion attached to this Current Report onForm8-Kas Exhibit 5.1.
Item 1.01.Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
On August 4, 2017, the Corporation issued $750 million aggregate principal amount of 6.875% Senior Notes due 2025. The Notes are senior obligations of the Corporation. The description of the terms of the Notes set forth above in Item 1.01 is hereby incorporated by reference into this Item.
Item 1.01.Financial Statements and Exhibits.
(d)Exhibits.
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Exhibit Number |
Description |
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4.1 |
Eighth Supplemental Indenture, dated as of August 4, 2017, by and between United States Steel Corporation and The Bank of New York Mellon, as trustee. |
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5.1 |
Opinion of DLA Piper LLP (US) |
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23.1 |
Consent of DLA Piper LLP (US) (included in the opinion filed as Exhibit 5.1) |
UNITED STATES STEEL CORP ExhibitEX-4.1 2 exhibit41.htm EXHIBIT 4.1 Exhibit Exhibit 4.1EXECUTION VERSIONUNITED STATES STEEL CORPORATION,…To view the full exhibit click here
About United States Steel Corporation (NYSE:X)
United States Steel Corporation (U. S. Steel) is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). The Flat-Rolled segment includes the operating results of U. S. Steel’s integrated steel plants and equity investees in the United States involved in the production of slabs, rounds, strip mill plates, sheets and tin mill products, as well as all iron ore and coke production facilities in the United States. The USSE segment includes the operating results of U. S. Steel Kosice (USSK), U. S. Steel’s integrated steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of U. S. Steel’s tubular production facilities, primarily in the United States, and equity investees in the United States and Brazil.
