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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): March 5, 1999 (March 3, 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
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ITEM 5. OTHER EVENTS
National Steel Corporation issued a press release on March 3, 1999 announcing
that it has priced its Bond Offering. 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 March 3, 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: March 5, 1999 By: /s/ Glenn H. Gage
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Glenn H. Gage
Senior Vice President and Chief Financial
Officer
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News Release
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Media Contact: Clarence Ehlers
(219) 273-7327
Analyst/Investor Contact: Joseph A. Rainis
(219) 273-7158
NATIONAL STEEL PRICES BOND OFFERING
Mishawaka, IN, March 3, 1999-- National Steel Corporation (NYSE: NS) today
announced that it has priced an offering of $225 million principal amount of
ten-year First Mortgage Bonds, an increase from the previously contemplated
offering of $175 million. The bonds will have a coupon of 9.875%. Proceeds
from the offering will be used to finance a new coating line that is currently
under construction at the Company's Great Lakes division and for general
corporate purposes.
The new First Mortgage Bonds have not been registered under the Securities Act
of 1933 pursuant to an exemption from the registration requirements of the Act
and may not be offered or sold in the United States absent registration or an
available exemption from registration requirements.
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.
