FORT WAYNE, INDIANA, June 11, 2003—Steel Dynamics, Inc. (NASDAQ:
STLD) announced the effectiveness of its “shelf” registration statement,
filed with the Securities and Exchange Commission on Form S-3. The
statement registered the resale of up to the full $115 million of the
company’s 4% Convertible Subordinated Notes due 2012, as well as the
approximately 6,762,874 shares of the company’s common stock that are
issuable upon conversion of the notes.
The company issued the 4% Convertible Subordinated Notes on December
23, 2002 and January 3, 2003 in an offering exempt from registration
under the Securities Act of 1933. Under a registration rights agreement
dated December 23, 2002 among the company and the initial purchasers of
the notes, who resold the notes in offerings exempt from registration
under Rule 144A under the Securities Act, the company was obligated to
file this registration statement to permit registered resales of the
notes and the shares of common stock underlying the notes.
Forward Looking Statements:
Contact: Tracy L. Shellabarger, Chief Financial Officer of Steel Dynamics, Inc.
260-459-3553 or fax 260-969-3590 |