Shearman And Sterling

News September 09, 2014

Shearman & Sterling Advises Initial Purchasers on Steel Dynamics, Inc.’s $1.2 Billion Senior Notes Offering

Shearman & Sterling represented Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Deutsche Bank Securities Inc., as joint bookrunning managers, and BMO Capital Markets Corp., PNC Capital Markets LLC and RBS Securities Inc. and Wells Fargo Securities, LLC as co-managers, in connection with a Rule 144A/Regulation S offering by Steel Dynamics, Inc. (the “Company”) of $700,000,000 aggregate principal amount of 5.125% Senior Notes due 2021 and $500,000,000 aggregate principal amount of 5.500% Senior Notes due 2024. The Senior Notes are guaranteed by certain subsidiaries of the Company. The Senior Notes were issued to escrow pending the Company’s planned acquisition of Severstal Columbus, LLC.

Steel Dynamics, Inc. is one of the largest steel producers and one of the largest metal recyclers in the United States based on the Company’s current estimated annual steelmaking capability and actual recycling volumes.

The Team