All Steel Dynamics 4% convertibles converted

By Angela McDaniels

Tacoma, Wash., Oct. 15 - Steel Dynamics, Inc. said the last of its outstanding 4% convertible notes were converted to stock during the third quarter ended Sept. 30.

Long-term debt was $2.2 billion at the end of the quarter, according to a company news release. Of that amount, $65 million is due in the next 12 months.

Steel Dynamics is a Fort Wayne, Ind.-based steelmaker.

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