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Print[Ferro-alloys.com]PITTSBURGH, United States Steel Corporation (NYSE: X) announced on March 26th that it has completed its public offerings of $275 million aggregate principal amount of 6.875% senior notes due 2021 (the "Senior Notes") and $316.25 million aggregate principal amount of 2.75% Senior Convertible Notes due 2019 (the "Convertible Notes"), including $41.25 million aggregate principal amount of Convertible Notes related to the underwriters' over-allotment option, which was exercised in full. Net proceeds to the Company totaled approximately $576.6 million after deducting underwriting discounts, commissions and U. S. Steel's estimated offering expenses.
J.P. Morgan Securities LLC, Barclays Capital Inc., Goldman, Sachs & Co., and Morgan Stanley & Co. LLC are the joint book-runners for these offerings.
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