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United States Steel Corp. Message Board

  • benniebernakster benniebernakster Jul 16, 2013 3:35 PM Flag

    lol MORE DEBT !!! lol lol For the lousy Slovak Plant they couldn't dump... lol lol

     

    Now they have to keep the debt flying high!!! lol lol lol Oh my my my.... Big Red X is even getting "redder".

    On July 15, 2013, U. S. Steel Kosice, 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, Slovensk sporite??a, a.s., Komercn 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.

    I like the last part "and events of default." lol They might...

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