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Steel Dynamics,
STLD today announced that it has redeemed for cash all of its
remaining outstanding 7¾% Senior Notes due 2016 (the "2016 Notes") at a price
of 103.875% of the principal amount, together with accrued interest to
August 31, 2012 (the "Redemption Date").
The 2016 Notes were issued in the original principal amount of $500,000,000
pursuant to an Indenture dated as of April 3, 2008, as supplemented and
amended, among the Company, as Issuer, the guarantors party thereto, and Wells
Fargo Bank, N.A., as trustee.
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