Simpson Thacher Represents Underwriters in $500 Million Common Stock Offering for U.S. Steel
08.18.16
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Simpson Thacher represented J.P. Morgan Securities LLC, Goldman, Sachs & Co. and the other underwriters in connection with United States Steel Corporation’s (“U.S. Steel”) $500 million common stock offering, consisting of 21,735,000 shares. U.S. Steel intends to use the net proceeds of the offering for financial flexibility, capital expenditures and other general corporate purposes. The offering closed on August 15, 2016.
U.S. Steel, headquartered in Pittsburgh, Pa., is a leading integrated steel producer and Fortune 250 company with major operations in the United States and Central Europe.
The Simpson Thacher team included Andy Keller, Lisa Zhang and Davis Mahon (Capital Markets); Jonathan Cantor and George Davis (Tax); Mike Isby (Environmental); and Andrew Pagliughi (FINRA and Blue Sky).