FORT WAYNE, Ind., Nov. 29, 2016 /PRNewswire/ -- Steel Dynamics, Inc. (the "Company") (NASDAQ/GS: STLD) today announced that it has commenced a cash tender offer (the "Offer") for any and all of the $400 million aggregate principal amount of its 6.125% Senior Notes due 2019 (CUSIP No. 858119AT7; ISIN US858119AT71) (the "Notes"). The terms of the Offer are described in the Offer to Purchase dated November 29, 2016 (the "Offer to Purchase"), a related Letter of Transmittal (the "Letter of Transmittal") and a related Notice of Guaranteed Delivery (the "Notice of Guaranteed Delivery") are being sent to holders of the Notes and are available on the following website: www.dfking.com/stld. The Offer is subject to a number of conditions that are set forth in the Offer to Purchase, including, without limitation, the completion of a new debt financing on terms reasonably satisfactory to the Company and in an amount generating net proceeds sufficient, together with cash on hand, to purchase Notes tendered in the Offer. The Company's obligations to accept any Notes tendered and to pay the consideration for them are set forth solely in the Offer to Purchase, the Letter of Transmittal and the Notice of Guaranteed Delivery. Holders must validly tender (and not validly withdraw) their Notes prior to 5:00 p.m., New York City time, on December 5, 2016, unless extended (the "Expiration Time"), in order to be eligible to receive the "Purchase Price." The Purchase Price will equal $1,033.88 per $1,000 principal amount of Notes, plus any accrued and unpaid interest on the Notes up to, but not including, the settlement date for the Offer. The Company expects the settlement date to occur on December 6, 2016. The Expiration Time may be extended, and the Company may withdraw or not complete the Offer. Except in certain circumstances, Notes tendered may not be withdrawn after 5:00 p.m., New York City time on December 5, 2016. This press release does not constitute an offer to sell or purchase or a solicitation of an offer to sell any of the Notes or any other securities. The Offer is made only by, and pursuant to the terms of, the Offer to Purchase, and the information in this press release is qualified by reference to the Offer to Purchase, the Letter of Transmittal and the Notice of Guaranteed Delivery. Subject to applicable law, the Company may amend, extend, waive conditions to or terminate the Offer to Purchase.