Steel Dynamics Says $62.1M Tendered of Senior Notes

Steel Dynamics

today announced that, as of 5:00 p.m., New York City time, on August 15, 2012 (the "Early Tender Deadline"), it had received tenders from holders of $62,146,000 in aggregate principal amount of its 7⅜% Senior Notes due 2012 (the "2012 Notes"), representing approximately 14.79% of the outstanding 2012 Notes, and tenders and related consents from holders of $410,462,000 in aggregate principal amount of its 7¾% Senior Notes due 2016 (the "2016 Notes") (the "2016 Notes" and with the 2012 Notes, collectively, the "Notes"), representing approximately 82.09% of the outstanding 2016 Notes, in connection with the Company's previously announced cash tender offer for up to $210 million of the approximately $420 million outstanding aggregate principal amount of the 2012 Notes, and for any and all of the $500 million outstanding aggregate principal amount of the 2016 Notes (together, the "Tender Offer").