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United States Steel Announces Pricing of Senior Notes Offering
03/13/2012 - United States Steel Corp. announced the pricing of its public offering of $400,000,000 aggregate principal amount of 7.500% Senior Notes due 2022 at 100% of the principal amount.
United States Steel Corp. announced the pricing of its public offering of $400,000,000 aggregate principal amount of 7.500% Senior Notes due 2022 at 100% of the principal amount.
The Notes will pay interest semi-annually in arrears on March 15 and September 15 of each year beginning September 15, 2012. They will mature on March 15, 2022, unless earlier redeemed or repurchased.
J.P. Morgan Securities LLC, Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are the joint book-runners for this offering.
The company noted that a registration statement (including prospectus) relating to the securities has been filed with the Securities and Exchange Commission.
