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Steel Dynamics Announces Effectiveness of S-4 Registration Statement, Launch of Exchange Offer for Up to $400M 6 1/8% Senior Notes, $350M 6 3/8% Senior Notes

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Steel Dynamics, Inc. (NASDAQ: STLD) today announced that its previously filed Form S-4 Registration Statement for the exchange of up to $400,000,000 aggregate principal amount of its newly issued 6 1/8% Senior Notes due 2019 that have been registered under the Securities Act of 1933, and up to $350,000,000 aggregate principal amount of its newly issued 6 3/8% Senior Notes due 2022 that have been registered under the Securities Act of 1933 (the "Exchange Notes") for a like principal amount of any or all of its outstanding 6 1/8% Senior Notes due 2019 and a like principal amount of any or all of its outstanding 6 3/8% Senior Notes due 2022, respectively (together, the "Old Notes"), which we issued on August 16, 2012, without registration under the Securities Act, was declared effective by the Securities Exchange Commission at 1:00 PM Eastern Daylight Time (EDT) on Monday, July 8, 2013.

The Company further announced that, effective Tuesday morning, July 9, 2013, it has launched its offer to exchange its registered 2019 and 2022 Exchange Notes for any and all of its outstanding 2019 and 2022 unregistered Old Notes, which offer will expire at 5:00 PM EDT on August 6, 2013, unless otherwise extended.  The Company does not currently plan to extend the exchange offer.

This press release is not an offer to exchange the Exchange Notes for the Old Notes, nor is it the solicitation of an offer to exchange, which the Company is making only through the exchange offer prospectus, dated as of July 8, 2013, and the related letter of transmittal.  There will not be any offer or sale of the notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Copies of the exchange offer prospectus and related documents may be obtained from Wells Fargo Bank, National Association, the exchange agent for the exchange offer, at the following address:

Wells Fargo Bank, N.A. Corporate Trust Operations MAC N9303-121 6^th St & Marquette Avenue Minneapolis, MN  55479 Attention: Bondholder Communications Telephone:  800-344-5128

Posted-In: News Financing Offerings

 

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