By Sheri Kasprzak
New York, May 17 - The Indiana Finance Authority priced May 13 $88.81 million in series 2010 environmental improvement revenue refunding bonds for United States Steel Corp., according to a form 8-K filed Tuesday with the Securities and Exchange Commission.
The 6% bonds are due Dec. 1, 2026, and were priced at par.
Proceeds from the sale will be used to refund existing bonds that were loaned to United States Steel to finance the acquisition, construction, equipment and installation of pollution-control facilities.
The authority, based in Indianapolis, provides financing to a variety of state, local and corporate projects. Pittsburgh-based U.S. Steel has operations in East Chicago, Portage and Gary, Ind.
| Issuer: | Indiana Finance Authority/United State Steel Corp.
|
| Issue: | Series 2010 environmental improvement revenue refunding bonds
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| Amount: | $88.81 million
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| Maturity: | Dec. 1, 2026
|
| Coupon: | 6%
|
| Price: | Par
|
| Pricing date: | May 13
|
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