AK Steel buys back $12.5 million senior notes in open market for Q3

By Susanna Moon

Chicago, Oct. 27 – AK Steel Corp. said it repurchased $12.5 million of senior notes in the third quarter in private, unsolicited open market transactions.

The company ended the third quarter with total liquidity of $821 million, consisting of cash and cash equivalents and $747.8 million of availability under its revolver, according to a company earnings release for the third quarter.

AK Steel is a West Chester, Ohio-based integrated steel producer.

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