United States Steel Corporation Further Enhances Capital Structure

- Oct 12, 2018-

United States Steel Corporation (NYSE:X) announces the establishment of a new revolving credit facility for United States Steel Košice to further enhance its capital structure. On September 26th, the Corporation’s wholly owned subsidiary U S Steel Košice, entered into a five-year EUR 460 million revolving credit facility agreement, replacing the existing EUR 200 million credit facility. This enhanced Credit Facility provides additional liquidity and flexibility in the Corporation’s capital structure with the strong support of USSK’s lenders.

President and Chief Executive Officer David B. Burritt said, “We are pleased to announce this agreement, which includes both economic and structural enhancements, that improves our liquidity position and financial flexibility.”

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