On July 27, 2016, AK Steel Corporation (“AK Steel”), a 100%-owned subsidiary of AK Steel Holding Corporation (“AK Holding”), designated one of AK Steel’s 100%-owned subsidiaries, Mountain State Carbon, LLC (the “Guarantor Subsidiary”), as a guarantor subsidiary of certain AK Steel debt, including AK Steel’s 7.50% Senior Secured Notes due December 2023, 7.625% Senior Notes due May 2020, 7.625% Senior Notes due October 2021 and 8.375% Senior Notes due April 2022 (collectively, the “Senior Notes”). Under the terms of the indentures governing the Senior Notes, AK Holding, the Guarantor Subsidiary and the other guarantor subsidiaries thereunder (collectively, the “Guarantor Subsidiaries”) fully and unconditionally, jointly and severally, guarantee the full and punctual payment of the principal of, premium, if any, and interest on, and all other amounts payable under, the Senior Notes, and the full and punctual payment of all other amounts payable by AK Steel under the indentures governing the Senior Notes. This Current Report on Form 8-K is being filed for the purpose of incorporating by reference into AK Holding’s active registration statements—pursuant to which AK Steel may, from time to time, offer, among other things, debt securities that are fully and unconditionally, jointly and severally guaranteed by AK Holding and the Guarantor Subsidiaries—the following: supplemental condensed consolidating financial information as of December 31, 2015 and 2014, and for the three years ended December 31, 2015 and as of March 31, 2016 and for the three months ended March 31, 2016 and 2015.
Pursuant to Rule 3-10 of Regulation S-X, AK Holding, in Exhibit 99.1 to this Current Report on Form 8-K, is recasting Note 20 to the Notes to Consolidated Financial Statements at December 31, 2015 and 2014 and for each of the three years in the period ended December 31, 2015 in Item 8 of its Annual Report on Form 10-K for the year ended December 31, 2015 (the “Form 10-K”). Also pursuant to Rule 3-10 of Regulation S-X, AK Holding, in Exhibit 99.2 to this Current Report on Form 8-K, is recasting Note 17 to the Notes to Condensed Consolidated Financial Statements at March 31, 2016 and December 31, 2015 and for the three months ended March 31, 2016 and 2015 in Item 1 of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2016 (the “Form 10-Q”). This Current Report on Form 8-K, including its exhibits, should be reviewed in conjunction with the Form 10-K and the Form 10-Q and AK Holding’s other filings with the Securities and Exchange Commission.
This Current Report on Form 8-K does not modify or update the consolidated financial statements of AK Holding included in the Form 10-K or the Form 10-Q, other than for the changes to the supplemental condensed consolidating financial information in the respective notes.