Dofasco Continues Toward Redemption of Medium Term Notes
05/08/2007 - Dofasco has provided notice of its intention to redeem all of its 7.55% Series B Notes due October 1, 2008 at the Canada Yield Price, and all of its 4.961% Series A Notes due June 15, 2017 at par, in each case plus accrued but unpaid interest.
Dofasco Inc. has provided notice of its intention to redeem all of its issued and outstanding 7.55% Series B Notes due October 1, 2008 at the Canada Yield Price, and all of its issued and outstanding 4.961% Series A Notes due June 15, 2017 at par, in each case plus accrued but unpaid interest. Dofasco has established May 15, 2007 as the redemption date for the two series of notes.
For the 7.55% Series B Notes due October 1, 2008, the Canada Yield Price was determined as of May 4, 2007 to be $104.384 per $100 principal amount of notes.
The notes are held in registered form by CDS & Co. on behalf of brokers, custodians and the beneficial holders. Dofasco will provide the aggregate redemption amount to CIBC Mellon Trust Co., the trustee for the notes, on or before May 14, 2007. Beneficial holders of notes should contact their broker or custodians for additional information.
Dofasco previously announced its intention to redeem the notes on April 9, 2007. Amendments to the terms and conditions attaching to the notes to make each series redeemable were approved by the holders of each series of notes, and the amendments were made on May 3, 2007.
Dofasco is a leading North American steel solutions provider with product lines that include hot rolled, cold rolled, galvanized, Extragal(TM), Galvalume(TM) and tinplate flat rolled steels, as well as tubular products. Dofasco's wide range of steel products is sold to customers in the automotive, construction, energy, manufacturing, pipe and tube, appliance, packaging and steel distribution industries.
