Davis Polk advised Merrill, Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC as joint book-running managers of an SEC-registered offering by AK Steel Corporation of $300 million principal amount of 8.375% senior notes due 2022, guaranteed on a senior unsecured basis by AK Steel Holding Corporation.

Based in West Chester, Ohio, AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. 

The Davis Polk corporate team included partner Michael Kaplan and associates Andreea Stan and Henrique Canarim (admitted only in Brazil). Partner Samuel Dimon and associate Ethan R. Goldman provided tax advice. Counsel Loyti Cheng and associate Amy E. Turner provided environmental advice. Joshua Sills was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.