---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-082924"
form_type: "8-K"
ticker: "STLD"
cik: "0001022671"
company_name: "STEEL DYNAMICS INC"
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T04:44:09.832681+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Steel Dynamics enters into new $1.2B unsecured revolving credit facility maturing in 2028

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-082924
- form_type: 8-K
- ticker: STLD
- cik: 0001022671
- company_name: STEEL DYNAMICS INC
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022671/000110465923082924/0001104659-23-082924-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022671/000110465923082924/tm2321771d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-082924
- JSON: https://secwatch.observer/filing/0001104659-23-082924.json
- Plain text: https://secwatch.observer/filing/0001104659-23-082924.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022671/000110465923082924/0001104659-23-082924-index.htm
- Material Agreements
  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
  source text: On July 19, 2023, Steel Dynamics, Inc. (the “Company”) entered into a new Credit Agreement with the agents and lenders named therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022671/000110465923082924/0001104659-23-082924-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.