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Steel Dynamics Announces Offering Of Notes

Stocks in this article: STLD

FORT WAYNE, Ind., Aug. 2, 2012 /PRNewswire/ -- 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 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.

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

This press release contains certain predictive statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward‑looking statements.  These include statements regarding the completion of the offering, the timing of the closing of the offering and the use of proceeds from the offering.  These statements are based on the Company's current expectations and projections about future events and involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results and performance to be materially different from any future results or performance expressed or implied by these forward‑looking statements.

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