FORT WAYNE, Ind., Feb. 13, 2015 /PRNewswire/ -- Steel Dynamics,
Inc. (the "Company") (NASDAQ/GS: STLD) announced today that it has
called for redemption all of its outstanding
75/8% Senior Notes due 2020 (the
"Notes") for cash in accordance with the redemption provisions of
the indenture at a price of 103.813%, plus accrued and unpaid
interest to, but not including, March 16,
2015, the date of redemption.
The $350,000,000 Notes were issued
pursuant to an indenture, dated March 17,
2010, as amended by a First Supplemental Indenture, dated
September 16, 2014. On and
after the redemption date of March 16,
2015, the Notes will no longer be deemed outstanding,
interest will cease to accrue thereon and all rights of the holders
of the Notes will cease to exist, except for the right to
receive the redemption price, without interest thereon. The
notice of redemption containing information required by the terms
of the indenture was sent to registered holders of the Notes on
February 13, 2015.
The Notes are to be surrendered to Wells Fargo Bank, National
Association, as trustee and paying agent, in exchange for payment
of the redemption price on the redemption date of March 16, 2015. Questions relating to
redemption should be directed to Wells Fargo Bank, National
Association at 1-800-344-5128 or by fax at (612)-667-6282.
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 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.
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SOURCE Steel Dynamics, Inc.