Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C.  20549
 
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
 
 
Date of Report (Date of earliest event reported):
November 10, 2011
 
 
United States Steel Corporation 
(Exact name of registrant as specified in its charter)
 
 
Delaware
  
1-16811
  
25-1897152
(State or other jurisdiction of incorporation)
  
(Commission File Number)
  
(IRS Employer Identification No.)
 
600 Grant Street, Pittsburgh, PA
  
15219-2800
(Address of principal executive offices)
  
(Zip Code)
 
(412) 433-1121 
(Registrant's telephone number,
including area code)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
Item 1.01. Entry into a Material Definitive Agreement

On November 10, 2011, United States Steel Corporation (the “Corporation”) entered into seven loan agreements (the “Agreements”) in connection with the issuance and sale of a total of $162,720,000 of Environmental Improvement Revenue Refunding Bonds, (the “Bonds”) consisting of the following issues:

 
(i)
$55,000,000 Indiana Finance Authority Environmental Improvement Revenue Refunding Bonds, Series 2011 (United States Steel Corporation Project);

 
(ii)
$28,580,000 Allegheny County (Pennsylvania) Industrial Development Authority Environmental Improvement Revenue Refunding Bonds, Series 2011 (United States Steel Corporation Project);

 
(iii)
$19,460,000 Bucks County (Pennsylvania) Industrial Development Authority Environmental Improvement Revenue Refunding Bonds, Series 2011 (United States Steel Corporation Project);

 
(iv)
$10,600,000 Gulf Coast Waste Disposal Authority (Texas) Environmental Improvement Revenue Refunding Bonds, Series 2011 (United States Steel Corporation Project);

 
(v)
$21,800,000 Ohio Water Development Authority State of Ohio Environmental Improvement Revenue Refunding Bonds, Series 2011 (United States Steel Corporation Project);

 
(vi)
$10,160,000 Ohio Air Quality Development Authority State of Ohio Environmental Improvement Revenue Refunding Bonds, Series 2011 (United States Steel Corporation Project); and

 
(vii)
$17,120,000 The Industrial Development Board of the City of Fairfield (Alabama) Environmental Improvement Revenue Refunding Bonds, Series 2011 (United States Steel Corporation Project).

Pursuant to each of the Agreements, the Issuer will provide the proceeds of the sale of its Bonds for the purpose of refunding certain prior bonds issued by that Issuer.  The proceeds of those prior bonds, in turn, had been used to finance or refinance the acquisition, construction, equipping and installation of certain pollution control or abatement facilities of the Corporation.

Each Agreement obligates the Corporation to provide the trustee under the Indenture executed for each issue of the Bonds with funds sufficient to pay, when due, the principal of and interest on the Bonds of such issue.

Copies of the Agreements are filed herewith as Exhibit 10.1 through 10.7.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The disclosure under Item 1.01 of this Form 8-K is incorporated in this Item 2.03 by reference.
 
 
 
 
 
Item 9.01.  Financial Statements and Exhibits

(c) Exhibits

 
10.1
Loan Agreement dated as of November 1, 2011 between the Corporation and the Indiana Finance Authority regarding $55,000,000 Indiana Finance Authority Environmental Improvement Revenue Refunding Bonds, Series 2011(United States Steel Corporation Project).

 
10.2
Loan Agreement dated as of November 1, 2011 between the Corporation and the Allegheny County Industrial Development Authority regarding $28,580,000 Allegheny County (Pennsylvania) Industrial Development Authority Environmental Improvement Revenue Refunding Bonds, Series 2011(United States Steel Corporation Project).

 
10.3
Loan Agreement dated as of November 1, 2011 between the Corporation and the Bucks County Industrial Development Authority regarding $19,460,000 Bucks County (Pennsylvania) Industrial Development Authority Environmental Improvement Revenue Refunding Bonds, Series 2011(United States Steel Corporation Project).

 
10.4
Bond Amortization Agreement dated as of November 1, 2011 between the Corporation and the Gulf Coast Waste Disposal Authority regarding $10,600,000 Gulf Coast Waste Disposal Authority (Texas) Environmental Improvement Revenue Refunding Bonds, Series 2011(United States Steel Corporation Project).

 
10.5
Loan Agreement dated as of November 1, 2011 between the Corporation and the Ohio Water Development Authority regarding $21,800,000 Ohio Water Development Authority State of Ohio Environmental Improvement Revenue Refunding Bonds, Series 2011(United States Steel Corporation Project).
 
 
10.6
Loan Agreement dated as of November 1, 2011 between the Corporation and the Ohio Air Quality Development Authority regarding $10,160,000 Ohio Air Quality Development Authority State of Ohio Environmental Improvement Revenue Refunding Bonds, Series 2011(United States Steel Corporation Project).

 
10.7
Amended and Restated Agreement of Sale dated as of November 1, 2011 between the Corporation and The Industrial Development Board of the City of Fairfield regarding $17,120,000 The Industrial Development Board of the City of Fairfield (Alabama) Environmental Improvement Revenue Refunding Bonds, Series 2011(United States Steel Corporation Project).
 
 
SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

UNITED STATES STEEL CORPORATION



By
/s/ Gregory A. Zovko
  
 
Gregory A. Zovko
  
 
Vice President & Controller
  
 
 
Dated:  November 15, 2011