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Prospect News home > News index > List of issuers S > Headlines for Steel Dynamics Inc. > News item
Published on 10/7/2020 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

S&P rates Steel Dynamics notes BBB-

S&P said it gave a BBB- rating to Steel Dynamics Inc.’s planned senior unsecured notes. The company plans to sell up to $750 million of notes.

Proceeds are expected to be used to redeem its $350 million of senior unsecured notes due in 2025 and for general corporate purposes, including capital expenditures.

“Our BBB- issuer credit rating and stable outlook on SDI are unchanged,” S&P said in a press release.


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