Steel Dynamics closes $1B notes offering; $400M to repay 2025 notes

STEEL DYNAMICS INC

Issued $600M of 5.250% notes due 2035 and $400M of 5.750% notes due 2055.
Net proceeds of ~$972M; plans to repay $400M of 2.400% notes due June 2025.
Remaining proceeds for general corporate purposes, including capex and buybacks.
CFO Theresa Wagler cites commitment to investment-grade credit ratings.

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