Shearman And Sterling

News October 09, 2020

Steel Dynamics’ $750 Million Senior Notes Offering

Shearman & Sterling represented J.P. Morgan Securities, BofA Securities, Morgan Stanley & Co. and PNC Capital Markets as representatives of the several underwriters, in connection with a registered offering by Steel Dynamics, Inc. of $350 million aggregate principal amount of 1.650% Senior Notes due 2027 and $400 million aggregate principal amount of 3.25% Senior Notes due 2050. 

Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck.  In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

The Team