WEST CHESTER, OH–(Marketwired – Jun 13, 2016) – AK Steel Holding Corporation (NYSE: AKS) (“AK Holding”) announced today that its subsidiary, AK Steel Corporation (“AK Steel”), has successfully priced its public offering (the “Offering”) of $380.0 million aggregate principal amount of 7.50% senior secured notes due 2023 (the “Secured Notes”). AK Steel will pay interest on the Secured Notes semi-annually on January 15 and July 15 of each year. Interest on the newly issued Secured Notes will accrue from June 20, 2016. The Secured Notes will mature on July 15, 2023. The Secured Notes will be fully and unconditionally guaranteed by AK Holding, AK Steel’s direct parent, and by AK Tube LLC and AK Steel Properties, Inc. (together with AK Tube LLC, the “Subsidiary Guarantors”), two wholly-owned subsidiaries of AK Steel. The Secured Notes will be secured by first priority liens on the plant, property and equipment (other than certain excluded property, and subject to permitted liens) of AK Steel and the Subsidiary Guarantors and any proceeds of the foregoing.