Key Developments: AK Steel Holding Corp (AKS)

AKS on New York Consolidated

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22 May 2015
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Latest Key Developments (Source: Significant Developments)

AK Steel Holding Corp gives Q1 2014 net loss outlook
Friday, 21 Mar 2014 08:30am EDT 

AK Steel Holding Corp:Expects Q1 2014 net loss of $0.44 to $0.49 per diluted share.  Full Article

USW members ratify labor agreement for AK Steel's mansfield works
Monday, 24 Feb 2014 08:15am EST 

AK Steel Holding Corp:Says that members of the United Steelworkers (USW) Local 169 have ratified a three-year labor agreement covering about 280 hourly production and maintenance employees at the company's Mansfield (OH) Works.Says the current agreement expires on Mar. 31.Says the new agreement will take effect on Mar. 31 and expire on Mar. 31, 2017.  Full Article

AK Steel Holding Corp Prevails Again In Patent Infringement Litigation With ArcelorMittal
Tuesday, 29 Oct 2013 02:20pm EDT 

AK Steel Holding Corp announced that the United States District Court for the District of Delaware again confirmed that the Company's ULTRALUME advanced high-strength steel product does not infringe upon an ArcelorMittal patent. The Court granted summary judgment in favor of AK Steel on October 25, 2013. The Court further concluded that ArcelorMittal's patent was invalid due to ArcelorMittal's deliberate violation of a statutory prohibition on broadening a patent through reissue more than two years from the grant of the initial patent.  Full Article

AK Steel Holding Corp Issues Q3 2013 EPS Guidance Below Analysts' Estimates
Thursday, 19 Sep 2013 04:30pm EDT 

AK Steel Holding Corp announced that for the third quarter of 2013, it expects to incur a net loss of $0.22 to $0.27 per diluted share of common stock, which includes a loss of approximately $0.09 per diluted share related to the previously disclosed unplanned Middletown Works blast furnace outage. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $(0.11) for the third quarter of 2013.  Full Article

AK Steel Holding Corp's AK Steel Corporation Announces Pricing of $30 Million Add-On Offering of Senior Secured Notes
Wednesday, 19 Jun 2013 01:44pm EDT 

AK Steel Holding Corp announced that its subsidiary, AK Steel Corporation (AK Steel), has successfully priced a private offering of $30.0 million aggregate principal amount of its 8.750% senior secured notes due 2018 (the add-on notes), which were offered as an add-on to its outstanding $350.0 million aggregate principal amount of 8.750% senior secured notes due 2018. AK Steel will pay interest on the add-on notes semi-annually on June 1 and December 1 of each year. The add-on notes will mature on December 1, 2018. The add-on notes will be fully and unconditionally guaranteed on a senior basis by AK Holding and will be secured by substantially all real property, plant and equipment of AK Steel and proceeds thereof. AK Steel intends to use the net proceeds from the sale of the add-on notes for general corporate purposes. The offering is expected to close on June 24, 2013, subject to customary closing conditions.  Full Article

AK Steel Holding Corp's AK Steel Corporation Announces $30 Million Add-On Offering of Senior Secured Notes
Wednesday, 19 Jun 2013 09:11am EDT 

AK Steel Holding Corp's AK Steel Corporation (AK Steel), has commenced a private offering of $30.0 million aggregate principal amount of 8.750% senior secured notes due 2018 (the add-on notes), which are being offered as an add-on to its outstanding $350.0 million aggregate principal amount of 8.750% senior secured notes due 2018 (the existing notes). The add-on notes will be treated as a single series with, and will have the same terms as, the existing notes. The add-on notes will be fully and unconditionally guaranteed on a senior basis by AK Holding and will be secured by substantially all real property, plant and equipment of AK Steel and proceeds thereof. AK Steel intends to use the net proceeds from the sale of the add-on notes for general corporate purposes.  Full Article

AK Steel Holding Corp Issues Q2 2013 EPS Guidance Below Analysts' Estimates
Tuesday, 18 Jun 2013 08:30am EDT 

AK Steel Holding Corp announced that it expects to incur a net loss of between $0.33-$0.38 per diluted share (EPS) of common stock for the second quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $(0.10)for the second quarter of 2013.  Full Article

DIARY-U.S. MEETINGS/WEEK AHEAD

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