USSC wrestles with $1.7B in creditor claims

摘要

U.S. Steel Canada Inc. is contending with about $1.7 billion in creditor claims, with the bulk of that owed to U.S. Steel Corp. The Hamilton, Ontario-based steelmaker’s debts are largely related to U.S. Steel’s acquisition of the former Stelco Inc. and its subsidiaries, Alex Morrison, the court-appointed monitor in U.S. Steel Canada’s Companies’ Creditors Arrangement Act (CCAA) proceedings, said in documents filed in Ontario Superior Court.