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Tuesday, November 29, 2016 9:56:59 AM
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Steel Dynamics Unveils $400 Mln Offering of Notes: To Buy Back All 6.125% Notes Due 2019
MIDNIGHT TRADER 10:02 AM ET 11/29/2016
Symbol Last Price Change
STLD 34.85down -0.63 (-1.78%)
QUOTES AS OF 10:03:39 AM ET 11/29/2016
10:02 AM EST, 11/29/2016 (MT Newswires) -- Steel Dynamics(STLD) , a domestic steel producer, said it plans to sell $400 million aggregate principal amount of debt securities.
The company plans to use the net proceeds of the offering, along with cash on hand, to purchase any and all of its 6.125% senior notes due 2019 that are validly tendered in a tender offer commenced on Nov. 29, and to redeem, repurchase or satisfy and discharge any 2019 notes not purchased in the tender offer, and to pay related fees and expenses.
Price: 34.78, Change: -0.70, Percent Change: -1.97
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
©http://www.mtnewswires.com Copyright © 2016 MTNewswires. All rights reserved.
Steel Dynamics Unveils $400 Mln Offering of Notes: To Buy Back All 6.125% Notes Due 2019
MIDNIGHT TRADER 10:02 AM ET 11/29/2016
Symbol Last Price Change
STLD 34.85down -0.63 (-1.78%)
QUOTES AS OF 10:03:39 AM ET 11/29/2016
10:02 AM EST, 11/29/2016 (MT Newswires) -- Steel Dynamics(STLD) , a domestic steel producer, said it plans to sell $400 million aggregate principal amount of debt securities.
The company plans to use the net proceeds of the offering, along with cash on hand, to purchase any and all of its 6.125% senior notes due 2019 that are validly tendered in a tender offer commenced on Nov. 29, and to redeem, repurchase or satisfy and discharge any 2019 notes not purchased in the tender offer, and to pay related fees and expenses.
Price: 34.78, Change: -0.70, Percent Change: -1.97
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
©http://www.mtnewswires.com Copyright © 2016 MTNewswires. All rights reserved.
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