U. S. Steel Announces Completion of 10% Senior Quarterly Income Debt Securities Due 2031 Redemption
03 January 2007 - 7:36AM
PR Newswire (US)
PITTSBURGH, Jan. 2 /PRNewswire-FirstCall/ -- United States Steel
Corporation (NYSE:X) (the "Company") announced today that it has
completed the redemption of its 10% Senior Quarterly Income Debt
Securities (the "SQUIDS") due 2031 (NYSE:XSS). The redemption of
the SQUIDS in the aggregate principal amount of $49,326,575 plus
accrued and unpaid interest paid to the holders of record on
December 15, 2006, was funded from currently available funds. In
connection with the redemption, the Company will record a pre-tax
charge of approximately $3 million for the remaining unamortized
issuance costs in the first quarter of 2007. SQUIDS(SM) is a
service mark of Goldman, Sachs & Co. For more information about
U. S. Steel, visit http://www.ussteel.com/. DATASOURCE: United
States Steel Corporation CONTACT: Public Affairs, John Armstrong,
+1-412-433-6792, or Investors- Analysts, Nick Harper,
+1-412-433-1184, both of United States Steel Corporation Web site:
http://www.ussteel.com/ Company News On-Call:
http://www.prnewswire.com/comp/929150.html
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