Item 8.01. Other Events

On July 23, 2021, United States Steel Corporation (the "Corporation") announced changes to two asset-based credit facilities that reward performance for meeting sustainability targets. At the Corporation's request, its $2 billion asset-based revolving credit facility (the "ABL") has been amended to include an increase or decrease in the margin payable based on achievement of targets related to carbon reduction, safety performance and facility certification by ResponsibleSteelTM, which provides a process and certification framework for sustainable steel use throughout its lifecycle. In addition to the new sustainability link, the ABL has also been amended to reduce the credit line to $1.75 billion from $2 billion, which supports the Corporation's current footprint and is consistent with the Corporation's efforts to optimize its global liquidity position. Additionally, the Corporation's subsidiary, Big River Steel LLC, extended its $350 million asset-based revolving credit facility by five years to 2026 and included the same sustainability performance targets.

Item 9.01. Financial Statements and Exhibits



(d) Exhibits:

Exhibit No.        Description

104                Cover Page Interactive Data File (embedded within the Inline XBRL document).

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses