Steel Dynamics issues $800M of notes, redeems $400M of 5.000% notes due 2026

STEEL DYNAMICS INC

Issued $650M 4.000% notes due Dec 15, 2028 and $150M additional 5.250% notes due May 15, 2035 (reopening of existing $600M series).
Net proceeds of ~$792M; $400M used to redeem 5.000% notes due 2026, remainder for general corporate purposes.
Called for redemption all $400M of 5.000% notes due 2026 at par plus accrued interest, redemption date Dec 21, 2025.
Additional 2035 notes issued at 101.443% of principal, implied yield 5.053%; trade interchangeably with existing $600M series.

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