Steelmaker issues new shares, debt

One of the Miami Valley’s largest publicly traded companies has issued 22 million new shares of common stock.

AK Steel Corp. said it has issued the new shares of common stock with an aggregate value of $88 million. The West Chester Twp.-based company, which has a Middletown steel plant, also said it has completed securities offerings of $588 million (before underwriting fees and other expenses). Those offerings include $350 million of 8.75 percent senior secured notes dues 2018 and $150 million of 5 percent exchangeable senior notes due 2019.