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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) April 23, 1996
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ACME METALS INCORPORATED
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(Exact name of registrant as specified in its charter)
Delaware 0-14727 36-3802419
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(State or other jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
13500 South Perry Avenue, Riverdale, Illinois 60627-1182
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (708) 849-2500
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
The following exhibit accompanies this Current Report on Form 8-K:
Exhibit No. Description
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20.1 Press release issued
on April 23, 1996
SIGNATURES
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.
ACME METALS INCORPORATED
/s/ Edward P. Weber, Jr.
Date: April 23, 1996 By:
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Edward P. Weber, Jr.
Vice President, General Counsel and
Secretary
2
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EXHIBIT 20.1
FOR IMMEDIATE RELEASE For further information, contact
April 23, 1996 C. Mark Hussey
Director, Investor and Public Relations
Acme Metals Incorporated
ACME METALS SELLS $11.3 MILLION TAX-EXEMPT BONDS
Riverdale, IL, April 23, 1996--Acme Metals Incorporated today announced it has
sold $11,345,000 of tax-exempt bonds. The Environmental Improvement Revenue
bonds, issued by the Village of Riverdale, have a coupon rate of 7.95% and a 29
year maturity. The bonds, issued at 99.5, have an effective yield to maturity
of 7.99%.
The net proceeds of the bonds will reimburse the Company for funds expended for
the acquisition, construction and installation of sewage and solid waste
disposal facilities which are part of the Modernization and Expansion Project
currently under construction at the Company's Acme Steel Company plant in
Riverdale, a Chicago suburb. The bonds are secured by the Company's pledge of
loan payments and an interest in the solid waste disposal facilities.
The Modernization and Expansion Project consists of a continuous thin slab
caster and seven stand hot strip mill which will be the world's first complex to
produce MiniGrated-TM- steel, combining mini-mill efficiencies with Acme's
traditional high quality liquid steel. This state-of-the-art technology will
result in higher quality steels for customers, create opportunities to
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expand Acme's share of present markets as well as enter new markets, and
ideally position Acme for enhanced long-term growth and profitability as a low
cost, superior quality North American steel producer.
Acme Metals Incorporated, through its operating subsidiaries, is a fully
integrated producer of steel, steel strapping and strapping products, welded
steel tube, and auto and light truck jacks. Its common stock is traded on
NASDAQ's National Market System under the symbol ACME and on the Toronto Stock
Exchange under the symbol AMK.
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