AK Steel redeems $73.3 million of variable-rate tax-exempt bonds

By Tali David

Minneapolis, March 14 - AK Steel Holding Corp. completed the redemption of $73.3 million of its variable-rate tax-exempt industrial revenue bonds, according to an 8-K filed with the Securities and Exchange Commission.

The notes were redeemed at par plus accrued interest on March 13.

The bonds included

• $36 million of bonds issued by the Ohio Air Quality Development Authority;

• $30 million of bonds issued by the City of Rockport, Ind.; and

• $7.3 million of bonds issued by the Butler County Industrial Development Authority in Butler County, Pa.

The Bank of New York Mellon Trust Co., NA and U.S. Bank NA are trustees.

The company is a West Chester, Ohio-based producer of flat-rolled carbon, stainless and electrical steels and tubular products.

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