U. S. Steel Files Shelf Registration Statement
United States Steel Corporation (NYSE: X) announced today it has filed a universal shelf registration statement with the Securities and Exchange Commission relating to the possible issuance of up to $600 million in common stock, senior and subordinated debt securities, preferred stock, warrants, stock purchase contracts and stock purchase units. U. S. Steel does not have any commitments or immediate plans to sell securities under the new registration statement.
The registration statement provides that U. S. Steel will use proceeds from the sale of any securities for general corporate purposes and may use those funds to repay debt, to finance acquisitions, for stock repurchases, for capital expenditures, for investments in subsidiaries and joint ventures, or for working capital.
U. S. Steel is engaged in the production, sale and transportation of sheet, plate, tin mill and tubular steel mill products, coke, taconite pellets and coal; the management of mineral resources; real estate development; and engineering and consulting services in the United States and the production and sale of steel products in Central Europe.
A registration statement relating to securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. After the registration statement has been declared effective, U. S. Steel may sell the securities in one or more separate amounts, at prices and on terms to be determined at the time of sale. This press release shall not constitute an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
SOURCE: United States Steel Corporation
CONTACT: Mike Dixon, +1-412-433-6860, or John Armstrong,
Web site: http://www.ussteel.com/
Company News On-Call: