Printer Friendly

WHEELING-PITTSBURGH CORP. PRICES SENIOR NOTES OFFERING

 NEW YORK, Nov. 23 /PRNewswire/ -- Wheeling-Pittsburgh Corp. (WPC) (NYSE: WHX) announced today that it priced an offering of 9-3/8 percent Senior Notes due Nov. 15, 2003, managed by Merrill Lynch & Co. and Citicorp Securities, Inc. Interest on the Senior Notes is payable on May 15 and Nov. 15 of each year commencing May 15, 1994. The Senior Notes have been approved for listing on the New York Stock Exchange. The Senior Notes are redeemable by WPC commencing Nov. 15, 2000, at prices declining ratably to par.
 Net proceeds, together with cash on hand, will be utilized to fund the recently completed tender offer for WPC's 12-1/4 percent First Mortgage Notes and for general corporate purposes, including working capital, capital expenditures and potential acquisitions.
 WPC, through its subsidiary Wheeling-Pittsburgh Steel Corp., operates the eighth largest domestic integrated steel manufacturer with annual shipments of 2.1 million tons.
 -0- 11/23/93
 /CONTACT: Gregg Warren of Wheeling-Pittsburgh, 304-234-2440/
 (WHX)


CO: Wheeling-Pittsburgh Corp.; Wheeling-Pittsburgh Steel Corp. ST: West Virginia IN: MNG SU: OFR

DM-JM -- PG007 -- 7211 11/23/93 10:58 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 23, 1993
Words:181
Previous Article:TRIARC AND SEPSCO SIGN MERGER AGREEMENT
Next Article:MERIDIAN BANCORP CONTINUES NEW JERSEY EXPANSION; COMPLETES PURCHASE OF FOUR PROVIDENT SAVINGS BANK BRANCHES
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters