Steel Dynamics aims to sell notes in two parts via four bookrunners

By Devika Patel

Knoxville, Tenn., Dec. 9 – Steel Dynamics, Inc. is expected to price fixed-rate notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

J.P. Morgan Securities LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used to redeem the company’s $700 million of 5.125% senior notes due 2021 and for other general corporate purposes.

Steel Dynamics is a Fort Wayne, Ind.-based steel producer and metals recycler.

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