FORT WAYNE, Ind., Sept. 4,
2014 /PRNewswire/ -- Steel Dynamics, Inc. (the
"Company")(NASDAQ/GS:STLD) announced today 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.
Forward Looking Statements
This press release contains certain predictive statements that
are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements
included in this press release that address activities, events or
developments that the Company expects, believes or anticipates will
or may occur in the future are forward‑looking statements.
These include statements regarding the completion of the offering,
the timing of the closing of the offering and the use of proceeds
from the offering. These statements are based on the
Company's current expectations and projections about future events
and involve known and unknown risks, uncertainties, and other
factors that may cause the Company's actual results and performance
to be materially different from any future results or performance
expressed or implied by these forward‑looking statements.
More specifically, we refer you to the Company's detailed
explanation of these and other factors and risks that may cause
such predictive statements to turn out differently, as set forth in
our most recent Annual Report on Form 10-K, in our quarterly
reports on Form 10-Q or in other reports which we from time to time
file with the Securities and Exchange Commission. These are
available publicly on the SEC Web site, www.sec.gov.
Forward-looking or predictive statements we make are based upon
information and assumptions, concerning our businesses and the
environments in which they operate, which we consider reasonable as
of the date on which these statements are made. Due to the
foregoing risks and uncertainties however, as well as, matters
beyond our control which can affect forward-looking statements, you
are cautioned not to place undue reliance on these predictive
statements, which speak only as of the date of this press release.
We undertake no duty to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
SOURCE Steel Dynamics, Inc.