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SECURITIES AND EXCHANGE COMMISSION
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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): August 22, 1997
Armco Inc.
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(Exact name of registrant as specified in charter)
Ohio
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(State or other jurisdiction of incorporation or organization)
1-873-2 31-0200500
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(Commission File Number) (I.R.S. Employer Identification No.)
One Oxford Centre, 301 Grant Street, Pittsburgh, Pennsylvania 15219-1415
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 412/255-9800
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Item 5. Other Events.
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On August 22, 1997, Armco Inc. (the "Company") announced plans to
issue $150 million of Senior Notes maturing in 2007, in a private
placement pursuant to Rule 144A under the Securities Act of 1933, as
amended. The Company stated that it intends to use the net proceeds of
the offering to redeem or repurchase certain outstanding debt
securities, and for general corporate purposes. The Company's press
release is filed as an Exhibit hereto, and incorporated herein by
reference.
Item 7. Exhibits.
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99.2 Press release dated August 22, 1997.
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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.
ARMCO INC.
Date: August 28, 1997 By: /s/ Gary R. Hildreth
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Name: Gary R. Hildreth
Title: Vice President
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EXHIBIT LIST
99.2 Press release dated August 22, 1997.
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Exhibit 99.2
[ARMCO LOGO] ARMCO INC.
SPECIALTY FLAT-ROLLED STEELS
Pittsburgh, Pennsylvania
N E W S F R O M A R M C O CONTACT:
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Fred O'Brien
412-255-9868
Jim Herzog
412-255-9825
ARMCO ANNOUNCES PLANS TO ISSUE SENIOR NOTES
PITTSBURGH, PA, August 22, 1997 -- Armco Inc. (NYSE: AS) announced
plans to issue $150 million of Senior Notes maturing in 2007. The
company said the issue would be offered, in early September 1997, as a
private placement pursuant to Rule 144A under the Securities Act.
Armco said it intends to use the net proceeds from the offering of
the Senior Notes to redeem or repurchase an aggregate of $100.0 million
principal amount of the company's 11-3/8 percent Senior Notes due 1999
(which become subject to redemption by the company, at an initial
redemption price of 102%, on October 15, 1997) and $20.0 million
principal amount of its 9.20 percent Debentures due 2000 (which are
subject to redemption at par at any time), and for general corporate
purposes.
The Senior Notes will not be registered under the Securities Act of
1933 and may not be offered or sold in the United States absent
registration or an applicable exemption from registration. However,
Armco intends to register the Senior Notes for resale promptly after
completion of the offering.
Armco Inc. is a leading domestic producer of specialty flat-rolled
stainless, electrical and galvanized steels with plants in Butler,
Pennsylvania and Coshocton, Dover, Mansfield and Zanesville, Ohio.
Armco also produces snowplows and other snow and ice control products,
and standard pipe and tubular products.
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