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AK Steel Holding Corp Announces Pricing Of Offering Of Common Stock


Wednesday, 14 Nov 2012 09:00pm EST 

AK Steel Holding Corp announced the pricing of its public offering of common stock. AK Holding agreed to sell 22 million shares of common stock at a public offering price of $4.00 per share. In connection with this offering, AK Holding granted the underwriters a 30-day option to purchase up to an additional 3.3 million shares of common stock. AK Holding intends to use the net proceeds from the sale of the common stock to repay borrowings under its asset-backed revolving credit facility and for general corporate purposes. The offering is expected to close on November 20, 2012. The joint book-running managers for the offering are J.P. Morgan, Credit Suisse, Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities and Goldman, Sachs & Co. 

Company Quote

7.12
-0.07 -0.97%
24 Oct 2014