| Steel Dynamics Announces Offering of Notes |
| FORT WAYNE, INDIANA, March 28, 2007 — Steel Dynamics, Inc. (NASDAQ:
STLD) announced today that it plans to sell approximately $400 million
in aggregate principal amount of debt securities in a transaction exempt
from the registration requirements of the Securities Act of 1933,
subject to market and other conditions. Steel Dynamics intends to use
the net proceeds from the sale of these debt securities to redeem its
existing $300 million 9 ½ % Senior Notes due 2009, to repay amounts
outstanding under its senior secured revolving credit facility, to
finance certain capital expenditures and for general corporate purposes.
This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities. The securities will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws. Contact: Forward Looking StatementsThis press release contains predictive statements about future events. These statements are intended to be made as “forward-looking,” subject to many risks and uncertainties, including conditions in the financial markets, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. Such predictive statements are not guarantees of future performance, and actual results could differ materially from our current expectations. |
| 3/28/2007 12:00:00 PM |