Steel Dynamics, Inc. announced Thursday that it plans to sell approximately $1.0 billion aggregate principal amount of debt securities in a transaction exempt from the registration requirements of the Securities Act of 1933, subject to market and other conditions.
The Company intends to use the proceeds of this offering along with cash on hand and credit available under its existing senior secured credit facility to finance the Company's planned acquisition of Severstal Columbus, LLC, announced on July 21, 2014.
This announcement is neither an offer to purchase or to sell nor a solicitation of an offer to buy any securities. The securities have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws.