U.S. Steel to redeem remaining $687 million 12% notes due 2025

By Taylor Fox

New York, Feb. 8 – United States Steel Corp. plans to redeem the remaining $687 million outstanding principal amount of its 12% senior secured notes due 2025 using proceeds from a $500 million offering of senior notes due 2029 and cash on hand, according to a news release.

The new note proceeds will also fund all related fees and expenses.

U.S. Steel is an integrated steel producer based in Pittsburgh.

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