UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported):
May 14, 2009
United States Steel Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-16811 25-1897152
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
600 Grant Street, Pittsburgh, PA 15219-2800
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(Address of principal executive (Zip Code)
offices)
(412) 433-1121
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(Registrant's telephone number,
including area code)
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 1.02. Termination of a Material Definitive Agreement
On May 14, 2009, United States Steel Corporation (the "Corporation") paid all
sums outstanding under and thereby terminated its $500 million unsecured Five-
Year Term Loan Agreement dated as of June 11, 2007 and its $500 million Three-
Year Term Loan Agreement dated as of October 12, 2007 (together, the "Loan
Agreements"), both with the lenders party thereto and JPMorgan Chase Bank, N.A.
as Administrative Agent. The Loan Agreements each contained an interest
coverage ratio (consolidated EBITDA to consolidated interest expense) covenant
of not less than 2:1 and a leverage ratio (consolidated debt to consolidated
EBITDA) of not greater than 3.25:1 along with other customary terms and
conditions. The Corporation used a portion of the proceeds from the recent sale
of its 4.0% Senior Convertible Notes due 2014 to fund the repayment of the Loan
Agreements. The Corporation did not incur any early termination penalties in
connection with these terminations.
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.
UNITED STATES STEEL CORPORATION
By /s/ Gregory A. Zovko
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Gregory A. Zovko
Vice President & Controller
Dated: May 14, 2009