Shearman And Sterling

News December 06, 2016

Shearman & Sterling Advises Initial Purchasers on Steel Dynamics, Inc.’s $400 Million Senior Notes Offering and Related Tender Offer

Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC as joint book-running managers, and Fifth Third Securities, Inc., PNC Capital Markets LLC, SunTrust Robinson Humphrey, 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 $400 million aggregate principal amount of 5.000% senior notes due 2026. The senior notes are guaranteed by certain subsidiaries of the Company.

Shearman & Sterling also represented Merrill Lynch, Pierce Fenner & Smith Incorporated as sole dealer manager in connection with the Company’s related cash tender offer for any and all of its 5.125% senior notes due 2019.

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