Steel Dynamics Closes $400M Notes Offering

Steel Dynamics, Inc. (the "Company")

announced today that it has consummated the sale of $400 million aggregate principal amount of its 5¼% Senior Notes due 2023 (the "2023 Notes") in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to persons outside the United States pursuant to Regulation S.  The net proceeds from the 2023 Notes will be used along with available cash to purchase any and all of the $500.0 million principal amount of its 6¾% Senior Notes due 2015 (the "2015 Notes") and for general corporate purposes, including, without limitation, for debt repayment, capital expenditures and working capital. The above transaction allows Steel Dynamics to meaningfully extend its debt maturity profile and reduce its interest expense.