Exhibit 99.1
U. S. STEEL PRICES $1.1 BILLION SENIOR UNSECURED NOTES
PITTSBURGH, May 16, 2007 - 榴莲视频 (NYSE: X)
announced that it has priced $300 million of 5.65% Senior Notes due 2013, $450
million of 6.05% Senior Notes due 2017, and $350 million of 6.65% Senior Notes
due 2037.
The proceeds of the offering are intended to be used to redeem all of the
currently outstanding 9.75% Senior Notes due 2010 and to fund a portion of the
Lone Star Technologies, Inc. acquisition.
This press release does not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state. J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated, Banc of
America Securities LLC and RBS Greenwich Capital will be joint book runners for
this offering.
榴莲视频 has filed a registration statement
(including a prospectus) with the Securities and Exchange Commission (SEC) for
the offering to which this communication relates. Before you invest, you should
read the prospectus in that registration statement and other documents that U.
S. Steel has filed with the SEC for more complete information about U. S. Steel
and this offering. You may get these documents for free by visiting the SEC web
site at www.sec.gov. Copies of the prospectus may also be obtained from U. S.
Steel, 600 Grant Street, Pittsburgh, Pa., 15219-2800, Attention: Manager-
Investor Relations.