STEEL DYNAMICS INC (STLD): debt financing — Steel Dynamics enters into new $1.2B unsecured revolving credit facility maturing in 2028

STEEL DYNAMICS INC

New $1.2B unsecured revolving credit facility replacing the December 2019 credit agreement.
Maturity date of July 19, 2028; ability to increase facility by up to $500M subject to conditions.
Facility available for working capital and general corporate purposes; no initial borrowings at closing.
Agents include PNC Bank (Administrative Agent), Bank of America, Wells Fargo, JPMorgan as Syndication Agents.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

STEEL DYNAMICS INC incurred revolving credit of $1.2 billion maturing July 19, 2028.

Instrument: revolving credit
Principal: $1.2 billion
Maturity: July 19, 2028
Event: incurrence

Exact text from the filing

The new Credit Agreement replaces the December 3, 2019 Credit Agreement. The Credit Agreement has an unsecured revolving credit facility of $1.2 billion and a maturity date of July 19, 2028.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

STEEL DYNAMICS INC entered into Credit Agreement with agents and lenders named therein valued at $1.2 billion (effective 2023-07-19).

Action: entry
Agreement: credit facility
Counterparty: agents and lenders named therein
Value: $1.2 billion
Effective: 2023-07-19

Exact text from the filing

On July 19, 2023, Steel Dynamics, Inc. (the “Company”) entered into a new Credit Agreement with the agents and lenders named therein.

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Source: SEC EDGAR

accession 0001104659-23-082924

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