Steel Dynamics Announces Redemption of $400 Million 5.000% Notes Due 2026 Following New Debt Issuance

Reuters
Nov 22
<a href="https://laohu8.com/S/STLD">Steel Dynamics</a> Announces Redemption of $400 Million 5.000% Notes Due 2026 Following New Debt Issuance

Steel Dynamics Inc. has announced the completion of a $650 million offering of 4.000% Notes due 2028 and an additional $150 million of 5.250% Notes due 2035. The company will use the net proceeds to redeem its $400 million 5.000% Notes due 2026. The redemption of the 2026 Notes is set for December 21, 2025, at a price of 100% of the principal amount plus accrued and unpaid interest. After the redemption date, the 2026 Notes will no longer accrue interest or be considered outstanding, and holders will only have the right to receive the redemption price.

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