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Steel Dynamics To Sell $750 Mln Aggregate Principal Amount Of Debt Securities

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Steel Dynamics, Inc. (STLD) said it intends 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 plans to use the proceeds of the offering, along with available cash, to purchase up to $210 million of our 7-3/8% Senior Notes due 2012 and all of our 7-3/4% Senior Notes due 2016, and to pay fees and expenses associated with the tender offer and consent solicitation.

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