We advised the lead arranger and agent on the financing

Davis Polk advised the lead arranger and administrative agent on the amendment and restatement and maturity extension of a $1.75 billion senior secured asset-based revolving credit facility for United States Steel Corporation, comprising a $1.61 billion revolving credit facility and a $140 million “first in, last out” revolving credit facility.

Founded in 1901 and headquartered in Pittsburgh, United States Steel Corporation is an integrated steel producer with major production operations in the United States and Central Europe. 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 finance team included partner Kenneth J. Steinberg and associate Bernard Tsepelman. All members of the Davis Polk team are based in the New York office.

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