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X > SEC Filings for X > Form 8-K on 16-Jul-2013All Recent SEC Filings

Show all filings for UNITED STATES STEEL CORP

Form 8-K for UNITED STATES STEEL CORP


16-Jul-2013

Entry into a Material Definitive Agreement, Creation of a Direct Financi


Item 1.01 Entry into a Material Definitive Agreement

On July 12, 2013, United States Steel Corporation (the "Corporation") entered into a Fifth Amendment to the Second Amended and Restated Receivables Purchase Agreement by and among U. S. Steel Receivables LLC, as Seller; the Corporation, as initial Servicer; the persons party thereto as CP Conduit Purchasers, Committed Purchasers, LC Banks and Funding Agents; and The Bank of Nova Scotia, as Collateral Agent (the "Fifth Amendment"). The Fifth Amendment extends the Commitment Expiry Date to July 12, 2016. A copy of the Fifth Amendment is filed herewith as Exhibit 10.1.

On July 15, 2013, U. S. Steel Košice, s.r.o. ("USSK"), a company organized under the laws of the Slovak Republic and a wholly-owned subsidiary of the Corporation, entered into a multicurrency revolving credit facility agreement (the "Credit Agreement") with ING Bank N.V., COMMERZBANK Aktiengesellschaft, Slovenská sporite??a, a.s., Komercní banka, a.s. and Citibank Europe plc. The Credit Agreement provides for a EUR 200,000,000 revolving unsecured credit facility that expires on July 15, 2016. The Credit Agreement contains customary representations and warranties, affirmative covenants, negative covenants and events of default. The Credit Agreement replaces USSK's EUR 200,000,000 Credit Facility dated August 6, 2010. A copy of the Credit Agreement is filed herewith as Exhibit 10.2.



Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The disclosure under Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits

10.1         Fifth Amendment to the Second Amended and Restated Receivables
             Purchase Agreement, dated as of July 12, 2013 by and among U. S.
             Steel Receivables LLC, as Seller; United States Steel Corporation,
             as initial Servicer; the persons party thereto as CP Conduit
             Purchasers, Committed Purchasers, LC Banks and Funding Agents; and
             The Bank of Nova Scotia, as Collateral Agent.


10.2         EUR 200,000,000 multicurrency revolving credit facility agreement
             dated July 15, 2013 among U. S. Steel Košice, s.r.o., and ING Bank
             N.V., COMMERZBANK Aktiengesellschaft, Slovenská sporite??a, a.s.,
             Komercní banka, a.s. and Citibank Europe plc.


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