debt
confidence high
sentiment neutral
materiality 0.70
Steel Dynamics prices $600M of 5.375% Notes due 2034, expected to close July 3
STEEL DYNAMICS INC
- Issued $600M aggregate principal amount of 5.375% Notes due 2034 in an underwritten offering.
- Underwriting agreement signed June 26, 2024 with J.P. Morgan, Morgan Stanley, BofA, Wells Fargo as representatives.
- Expected closing date is July 3, 2024, subject to customary conditions.
- Proceeds may be used to refinance $400M of 2.800% Senior Notes due 2024, among other purposes.