United States Steel to take $350 million seven-year deal on the road starting Wednesday

By Paul A. Harris

St. Louis, May 6 - The roadshow starts Wednesday and runs until May 14 for United States Steel Corp.'s offering of $350 million senior notes due 2010 (B1), according to a syndicate source.

JP Morgan and Goldman Sachs & Co. are joint bookrunners for the registered offering.

The notes will be non-callable for four years.

Proceeds will be used to fund the Pittsburgh-based steel company's acquisition of National Steel's integrated assets.

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