E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/29/2016 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

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.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.