Shearman & Sterling advised the underwriters in connection with the $1 billion SEC-registered notes offering by Nucor Corporation (“Nucor”). J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, Deutsche Bank Securities Inc., RBC Capital Markets, LLC and U.S. Bancorp Investments, Inc. acted as joint bookrunners for the offering. The notes were issued in two tranches, with maturities of 10 and 30 years. The proceeds from the offering will be used to repay Nucor’s existing notes due on June 1, 2018 and for other general corporate purposes.
Nucor is a leading U.S. manufacturer of steel and steel products. The company’s operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. Nucor is North America’s largest recycler, using scrap steel as the primary raw material in producing steel and steel products.