Steel Dynamics, Inc. announced the completion of a notes offering and redemption call for its bonds.
They sold $650 million in 4.000% Notes due 2028 and an additional $150 million in 5.250% Notes due 2035.
The proceeds will be used to redeem $400 million in 5.000% Notes due 2026 and for general corporate purposes.
Notes Offering
$650 million sold in 4.000% Notes due 2028 and $150 million in 5.250% Notes due 2035.
Redemption Call
Redeeming $400 million in 5.000% Notes due 2026. The redemption date is December 21, 2025.
Financial Strategy
Enhancing long-term strategy for capital foundation and maintaining investment-grade credit ratings.
- The notes offering and redemption call enhance Steel Dynamics' flexibility and long-term strategies.
- Maintaining investment-grade ratings provides lower-cost capital and strengthens financial stability.
Steel Dynamics' successful notes offering and redemption call demonstrate strategic financial planning and commitment to maintaining its financial strength and flexibility in the market.