UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported):
March 30, 2005
United States Steel Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-16811 25-1897152
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
600 Grant Street, Pittsburgh, PA 15219-2800
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(Address of principal executive (Zip Code)
offices)
(412) 433-1121
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(Registrant's telephone number,
including area code)
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01. Entry into a Material Definitive Agreement
On March 30, 2005, United States Steel Corporation entered into an amendment of
its Amended and Restated Receivables Purchase Agreement, dated November 28, 2001
among U. S. Steel Receivables LLC, as Seller; United States Steel LLC, as
initial Servicer; the persons party thereto as CP Conduit Purchasers, Committed
Purchasers and Funding Agents; and The Bank of Nova Scotia, as Collateral Agent.
Pursuant to this amendment, the definition of "Eligible Receivable" was amended
to include receivables with payment terms of not more than 64 days as Eligible
Receivables. Prior to this amendment that definition included otherwise
eligible receivables with payment terms of not more than 30 days and up to 15%
(of total receivables) with payment terms no greater than 60 days. This
amendment expands the pool of Eligible Receivables, but the amount available to
United States Steel Corporation thereunder and total liquidity are not increased
because the provision of the Agreement limiting maximum sales to $500 million
was not amended.
The amended agreement is filed herewith as Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
10.1 Amendment of Amended and Restated Receivables Purchase Agreement,
dated November 28, 2001 among U. S. Steel Receivables LLC, as Seller;
United States Steel LLC, as initial Servicer; the persons party
thereto as CP Conduit Purchasers, Committed Purchasers and Funding
Agents; and The Bank of Nova Scotia, as Collateral Agent.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
UNITED STATES STEEL CORPORATION
By /s/ Larry G. Schultz
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Larry G. Schultz
Vice President & Controller
Dated: March 31, 2005