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United States Steel Corporation $1.5 Billion Syndicated Asset-Based Revolving Credit Facility

Davis Polk advised the administrative agent and lead arranger and the joint lead arrangers on the refinancing and fourth amendment and restatement of a $1.5 billion syndicated asset-based revolving credit facility for United States Steel Corporation.

Founded in 1901, United States Steel Corporation is an integrated steel producer with major production operations in the United States and Central Europe. Headquartered in Pittsburgh, Pennsylvania, U.S. Steel manufacturers a wide range of value-added steel sheet and tubular products for the automotive, appliance, container, industrial machinery, construction and oil and gas industries. 

The Davis Polk financing team included partner Kenneth J. Steinberg and associates Samantha Hait and Bernard Tsepelman. The tax team included counsel Ethan R. Goldman and associate Karen Li. Counsel Charles Shi and associate Timothy John Durbin advised on ERISA matters. The real estate team included counsel Susan D. Kennedy and associate Cameron W. Ormsby. Counsel Jeanine P. McGuinness provided sanctions advice. Members of the Davis Polk team are based in the New York and Washington DC offices.