United States Steel Corporation (NYSE:X) Files An 8-K Other EventsItem 8.01 Other Events
On November 22, 2017, United States Steel Corporation (“U. S. Steel”) announced that on December 22, 2017 (the “Redemption Date”) it will redeem for cash $200 million aggregate principal amount of its outstanding 8.375% Senior Secured Notes due in 2021 at the redemption price of 50% of the principal amount thereof, plus a make-whole premium to be calculated as set forth in the applicable notice of redemption, plus accrued and unpaid interest, if any, to, but not including, the Redemption Date.
In addition, on November 20, 2017, U. S. Steel made a voluntary cash contribution of $75 million to the U. S. Steel Retirement Plan Trust, which is the funding vehicle for the United States Steel Corporation Plan for Employee Pension Benefits.
The full text of the press release announcing the foregoing is filed herewith as Exhibit99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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99.1 |
Press Release dated November 27, 2017.
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UNITED STATES STEEL CORP ExhibitEX-99.1 2 exhibit991-srsecurednotesr.htm EXHIBIT 99.1 Exhibit NEWS RELEASECONTACTS: Meghan Cox ManagerCorporate Communications T – (412) 433-6777 E – [email protected] Dan Lesnak General ManagerInvestor RelationsT – (412) 433-1184 E – [email protected] FOR IMMEDIATE RELEASEUNITED STATES STEEL CORPORATION REDEEMS PORTION OF SENIOR SECURED NOTES DUE IN 2021,…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.
