Add
X to Portfolio
Set Alert
Email to a
Friend
| |||
|
|
Quotes & Info
|
| X > SEC Filings for X > Form 8-K on 20-Aug-2012 | All Recent SEC Filings |
20-Aug-2012
Entry into a Material Definitive Agreement, Creation of a Direct Financi
On August 17, 2012, United States Steel Corporation (the "Corporation") entered into three loan agreements (the "Agreements") in connection with the issuance and sale of a total of $93,995,000 of Environmental Improvement Revenue Bonds, (the "Bonds") consisting of the following issues:
(i) $29,000,000 Indiana Finance Authority 5.75% Environmental Improvement Revenue Bonds, Series 2012 (United States Steel Corporation Project) (Maturity Date August 1, 2042);
(ii) $24,995,000 Allegheny County (Pennsylvania) Industrial Development Authority 5.75% Environmental Improvement Revenue Bonds, Series 2012 (United States Steel Corporation Project) (Maturity Date August 1, 2042); and
(iii) $40,000,000 Southwestern Illinois Development Authority 5.75% Environmental Improvement Revenue Bonds, Series 2012 (United States Steel Corporation Project) (Maturity Date August 1, 2042).
Pursuant to each of the Agreements, the proceeds from the sale of the Bonds will be used to finance the costs of acquiring, constructing, equipping and installing certain pollution control or abatement facilities of the Corporation.
Each Agreement obligates the Corporation to provide the trustee under the Indenture executed for each issue of the Bonds with funds sufficient to pay, when due, the principal of and interest on the Bonds of such issue.
Copies of the Agreements are filed herewith as Exhibit 10.1 through 10.3.
The disclosure under Item 1.01 of this Form 8-K is incorporated in this Item 2.03 by reference.
(c) Exhibits
10.1 Loan Agreement dated as of August 1, 2012 between the Corporation and the Indiana Finance Authority regarding $29,000,000 Indiana Finance Authority Environmental Improvement Revenue Bonds, Series 2012 (United States Steel Corporation Project).
10.2 Loan Agreement dated as of August 1, 2012 between the Corporation and the Allegheny County Industrial Development Authority regarding $24,995,000 Allegheny County (Pennsylvania) Industrial Development Authority Environmental Improvement Revenue Bonds, Series 2012 (United States Steel Corporation Project).
10.3 Loan Agreement dated as of August 1, 2012 between the Corporation and the Southwestern Illinois Development Authority regarding $40,000,000 Southwestern Illinois Development Authority Environmental Improvement Revenue Bonds, Series 2012 (United States Steel Corporation Project).
|
|