AK Steel starts roadshow Tuesday for $550 million 10-year notes

By Paul A. Harris

St. Louis, Mo., June 3 - AK Steel Corp. will start roadshowing $550 million of senior notes due 2012 (B1/BB) on Tuesday and will price them by Thursday, according to a syndicate source.

Credit Suisse First Boston is the bookrunner. Goldman Sachs & Co. is co-manager.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to refinance AK Steel's $550 million 9 1/8% senior notes due 2006.

The issuer is a steel producer based in Middleton, Ohio.

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