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S&P rates Steel Dynamics notes BBB-
S&P said it assigned its BBB- issue-level rating to Steel Dynamics Inc.’s proposed $900 million of senior unsecured notes.
The proceeds will be used to refinance its $400 million of senior unsecured notes due 2023 and $500 million of senior unsecured notes due 2024.
“Our BBB- issuer credit rating and stable outlook on SDI remain unchanged,” S&P said in a press release.
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