This transaction marks an important component of Steel Dynamics' (STLD) long-term plan to establish a solid capital foundation to support its team, customers, shareholders and future growth.
Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced today that it has consummated the sale of $600 million aggregate principal amount of 5.375% Notes due 2034 (the "Notes"). The net proceeds from the Notes will be used for general corporate purposes, which may include repayment of the company's $400 million 2.800% Senior Notes due December 2024.
In the closing of the recent trading day, Steel Dynamics (STLD) stood at $124.78, denoting a +0.96% change from the preceding trading day.