Steel Dynamics Announces Completion of Notes Offering and Redemption Call for its 5.000% Notes Due 2026

Core Points - Steel Dynamics, Inc. has completed the sale of $650 million of 4.000% Notes due 2028 and an additional $150 million of 5.250% Notes due 2035, with the latter issued at a price of 101.443% of their principal amount, resulting in an implied yield of 5.053% [1][2] - The net proceeds from the issuance will be used to redeem $400 million of 5.000% Notes due 2026 and for general corporate purposes [1][2] Financial Strategy - The company aims to enhance its capital foundation and maintain investment grade credit ratings, which are expected to provide lower-cost and longer-term capital [2] - The redemption of the 2026 Notes is scheduled for December 21, 2025, at a price of 100.000% plus accrued interest [2] Company Overview - Steel Dynamics is a leading industrial metals solutions company operating in the U.S. and Mexico, focusing on lower-carbon-emission products using recycled scrap [5] - The company is one of the largest domestic steel producers and metal recyclers in North America and is diversifying into aluminum operations [5]