<PAGE>
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): December 3, 1999 (December 1,
1999)
NATIONAL STEEL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-983 25-0687210
(Commission File Number) (IRS Employer Identification No.)
4100 Edison Lakes Parkway, Mishawaka, IN 46545-3440
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 219-273-7000
<PAGE>
ITEM 5. OTHER EVENTS
National Steel Corporation issued a press release on December 1, 1999 announcing
a new credit facility. A copy of this press release is attached hereto as
Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 99.1 Press release dated December 1, 1999.
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.
NATIONAL STEEL CORPORATION
Date: December 3, 1999 By: /s/Glenn H. Gage
-----------------------------
Glenn H. Gage
Senior Vice President and
Chief Financial Officer
<PAGE>
[NATIONAL STEEL LETTERHEAD}
EXHIBIT 99.1
NEWS RELEASE
- ------------
Media Contact: Clarence J. Ehlers
(219) 273-7327
Analyst and Joseph A. Rainis
Investor Contact: (219) 273-7158
NATIONAL STEEL ANNOUNCES NEW CREDIT FACILITY
Mishawaka, IN, December 1, 1999 - National Steel Corporation (NYSE: NS) today
announced it has closed on a new inventory credit facility of $200 million.
The facility has a five year term and replaces the previous $150 million
inventory credit facilities which were due to expire next year. The Company
also has a receivables-backed facility of up to $200 million that expires in
September 2002. Citibank and Fuji Bank were the lead agent banks for the new
facility.
Glenn H. Gage, Senior Vice President and Chief Financial Officer of National
Steel, said, "We are very pleased with the support we have received from our
financial partners and the level of confidence they have shown in our Company.
This new facility enhances National Steel's financial flexibility and provides
additional liquidity to our business."
Headquartered in Mishawaka, Indiana, National Steel Corporation is the nation's
fourth largest integrated steel company, with annual shipments of approximately
six million tons of flat-rolled products. National Steel employs approximately
9,200 employees. Visit National Steel's website at: www.nationalsteel.com.
