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This excerpt taken from the AKS 10-K filed Feb 26, 2008. Interest Expense The Company’s interest expense for 2006 was $89.1, which was $2.3 higher than in 2005. This increase was due primarily to higher interest rates on the Company’s variable rate debt and lower capitalized interest as a result of lower capital spending in 2006 than in 2005. This excerpt taken from the AKS 10-K filed Feb 27, 2007. Interest Expense The Company’s interest expense for 2005 of $86.8 was $23.3 lower than in 2004 due primarily to reduction of debt in 2004, lower fees associated with the Company’s credit facilities and higher capitalized interest associated with an increase in major capital projects in 2005.
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Table of ContentsThis excerpt taken from the AKS 10-K filed Mar 2, 2006. Interest Expense
Interest expense declined in 2004 due primarily to the $213.4 of debt reduction. The Company also recorded an $8.7 charge for the early retirement of this debt.
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