trending Market Intelligence /marketintelligence/en/news-insights/trending/XNta5wkgmRcWXsyZa2d-8A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

US Steel prices US$980M debt

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

US Steel prices US$980M debt

U.S. Steel Corp.priced its US$980 million aggregate principal amount of 8.375% senior secured notesdue 2021, according to a May 3 release.

The notes will be issued at a price equal to 100% of their facevalue. The notes will pay interest semiannually in arrears on Jan. 1 and July 1of each year, beginning Jan. 1, 2017.

The notes will mature July 1, 2021, unless redeemed or repurchasedearlier.

The company will use the proceeds to repay debt, prioritizingnear-term liabilities, and for general corporate purposes.