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Steel Dynamics starts tender offer for 6 1/8% notes due 2019
New York, Nov. 29 – Steel Dynamics, Inc. announced a tender offer for all $400 million of its 6 1/8% senior notes due 2019.
The company is offering $1,033.88 per $1,000 principal amount plus accrued interest up to but excluding the settlement date.
The tender ends at 5 p.m. ET on Dec. 5. Settlement is planned for Dec. 6.
Completion of the tender is subject to conditions including the execution of a new debt financing. Steel Dynamics announced an offering of $400 million of new notes on Tuesday morning.
BofA Merrill Lynch (888 292-0070 or 980 387-9534) is dealer manager. D. F. King & Co., Inc. (877 871-1741 or 212 269-5550) is information agent.
Steel Dynamics is a Fort Wayne, Ind., steelmaker and metals recycler.
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