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Steel Dynamics Completes $400 Mln Senior Notes Offering

Steel Dynamics, Inc. (STLD) Tuesday said it has completed sale of $400 million aggregate principal amount of its 5.25 percent senior notes due 2023 in a private offering to qualified institutional buyers.

Net proceeds from the offering will be used along with available cash to purchase any and all of the $500.0 million principal amount of its 6.75 percent senior notes due 2015 and for general corporate purposes.

by RTTNews Staff Writer

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