FORT WAYNE, INDIANA, August 2, 2012 – Steel Dynamics, Inc. (the
“Company”)(NASDAQ/GS: STLD) announced today that it plans to sell
approximately $750 million aggregate principal amount of debt securities
in a transaction exempt from the registration requirements of the
Securities Act of 1933, subject to market and other conditions. Pursuant
to a concurrent debt tender offer and consent solicitation, the Company
intends to use the proceeds of the offering, along with available cash,
to purchase up to $210 million of our 7⅜% Senior Notes due 2012 and all
of our 7¾% Senior Notes due 2016, and to pay fees and expenses
associated with the tender offer and consent solicitation.
This announcement is neither an offer to purchase or to sell nor a
solicitation of an offer to buy any securities. The securities have not
been registered under the Securities Act of 1933, as amended, or any
state securities laws, and unless so registered, may not be offered or
sold in the United States except pursuant to an exemption from the
registration requirements of the Securities Act of 1933 and applicable
state securities laws.
Forward-Looking Statements
Contact: Theresa E. Wagler, Executive Vice President and Chief Financial Officer—+1.260.969.3500 |