U.S. Steel calls all $378.5 million of 9¾% notes

By Laura Lutz

Des Moines, May 21 - United States Steel Corp. plans to redeem all of its $378.5 million outstanding principal amount of its 9¾% senior notes due 2010.

The redemption is planned for June 20.

For each $1,000 principal amount of notes, the company's will pay $1,048.75 plus accrued interest.

The redemption will be funded with proceeds form an offering of senior notes that closed on Monday.

U.S. Steel is a steel producer based in Pittsburgh.

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