AK Steel calls 8 3/8% notes due 2022

New York, Aug. 11 – AK Steel Corp. will redeem its 8 3/8% senior notes due 2022 on Sept. 8, according to a notice from the issuer.

The company will pay 104.188% of par plus accrued interest up to but excluding the redemption date.

A tender offer for the notes was announced on Aug. 2 in which the company is offering $1,046.70 per $1,000 principal amount.

The tender ended at 5 p.m. ET on Aug. 8. Results have not yet been announced.

When it began the tender, AK Steel said it intended to redeem any notes that remain outstanding after the end of the offer.

Also on Aug. 2, AK Steel priced $280 million of new notes due 2025 at par with a 6 3/8% coupon.

The issuer is a West Chester, Ohio-based steel producer.

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