Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated and J.P. Morgan Securities Inc., as joint bookrunning managers, in Steel Dynamics, Inc.’s concurrent registered public offerings of 31,050,000 shares of its common stock and $287.5 million aggregate principal amount of its 5.125% convertible senior notes due 2014. Net proceeds from the offerings will be used to repay the term loan portion of its senior secured credit facility in full and for general corporate purposes. Steel Dynamics, Inc. is one of the largest steel producers and one of the largest metals recyclers in the United States.

The Shearman & Sterling team included partners: Andrew R. Schleider (New York-Capital Markets), Michael J. Schiavone (New York-Capital Markets), Lona Nallengara (New York-Capital Markets), Monica Holland (New York-Finance) and Craig Gibian (Washington, D.C.-Tax); counsel Ferdinand Erker (New York-Capital Markets) and Jason Y. Pratt (New York-Property/Environmental); associates Damien Grierson (New York-Capital Markets), Ann S. Matthews (New York-Capital Markets), Dawei (David) Ni (New York-Capital Markets), Gerald M. Feige (New York-Tax), Judson Oswald (New York-Finance) and Seth Kerschner (New York-Property/Environmental); and legal assistant Robert J. Villa (New York-Capital Markets).