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Steel Dynamics Announces Offering of Notes
10/05/2007 - Steel Dynamics plans to sell approximately $500 million in aggregate principal amount of debt securities in a transaction exempt from the registration requirements of the Securities Act of 1933.
Steel Dynamics, Inc. announced plans to sell approximately $500 million in aggregate principal amount of debt securities in a transaction exempt from the registration requirements of the Securities Act of 1933.
The company said it would use net proceeds from the sale of these debt securities to finance a portion of the planned acquisition of OmniSource Corp. that was announced earlier this week. In the event that the company does not consummate the acquisition, SDI would use the net proceeds to repay indebtedness outstanding under its revolving credit facility and for other general corporate purposes.
Steel Dynamics notes that this announcement does not represent an offer to sell or a solicitation of an offer to buy these securities. The securities will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws.
