Steel Dynamics to repay some term B1 debt with bond sale proceeds

By Sara Rosenberg

New York, Nov. 14 - Steel Dynamics Inc. plans on repaying some debt under its term loan B1 facility with a portion of the proceeds from a $100 million add-on 9½% senior unsecured notes offering.

Remaining proceeds from the bond sale will be used to finance capital expenditures, according to a company news release.

Steel Dynamics is a Fort Wayne, Ind., manufacturer of hot- and cold-rolled steel products.

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