Steel Dynamics Announces Completion of Notes Offering

Core Viewpoint - Steel Dynamics, Inc. has successfully completed the sale of $600 million of 5.250% Notes due 2035 and$ 400 million of 5.750% Notes due 2055, with net proceeds aimed at general corporate purposes, including the repayment of existing senior notes [1][2] Group 1: Financial Details - The company issued a total of $1 billion in notes, consisting of$ 600 million in 5.250% Notes due 2035 and $400 million in 5.750% Notes due 2055 [1] - The proceeds from the notes will be utilized for general corporate purposes, which may include the repayment of$ 400 million in 2.400% Senior Notes due June 2025 [1] Group 2: Strategic Intent - The transaction aligns with the company's long-term strategy to strengthen its capital foundation, supporting growth and maintaining investment-grade credit ratings [2] - The company emphasizes the importance of investment-grade ratings for accessing lower-cost and longer-term capital, enhancing financial strength and creating value [2] Group 3: Company Overview - Steel Dynamics is one of the largest steel producers and metals recyclers in North America, with facilities across the U.S. and Mexico [4] - The company produces a variety of steel products, including hot roll, cold roll, coated sheet steel, and structural steel, as well as liquid pig iron and scrap processing [4] Group 4: Underwriters - The offering of the notes was managed by J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, PNC Capital Markets LLC, BofA Securities, Inc., Wells Fargo Securities, LLC, and Truist Securities, Inc. [3]