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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): December 7, 1998
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
On December 7, 1998, Armco Inc. (the "Company") announced plans to
issue $75 million of Senior Notes maturing in 2008, in a private
placement pursuant to Rule 144A under the Securities Act of 1933, as
amended. The Company stated that its intends to use the net proceeds of
the offering to redeem or repurchase certain outstanding debt
securities. The Company's press release is filed as an Exhibit hereto,
and incorporated by reference.
Item 7. Information And Exhibits
Exhibit 99.2 Press Release dated December 7, 1998.
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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: December 7, 1998 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 December 7, 1998.
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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, December 7, 1998 --- Armco Inc. (NYSE: AS)
announced plans to issue $75 million of Senior Notes maturing in 2008.
The company intends to offer the securities in December 1998 in a
private placement to qualified institutional buyers in the United States
pursuant to Rule 144A under the Securities Act of 1933 and to purchasers
outside the United States pursuant to Regulation S under the Securities
Act.
Armco said that it intends to use the net proceeds from the
offering of the Senior Notes, together with other available funds, to
redeem or repurchase all of the company's 9-3/8 percent Senior Notes due
2000 ($125 million aggregate principal amount at September 30, 1998).
The 9-3/8 percent Senior Notes are currently subject to redemption by
the company at a redemption price of 101.75 percent of the principal
price amount thereof, plus accrued and unpaid interest, if any, thereon
to the date of redemption.
The securities offered 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.
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