0001104659-12-058663.txt : 20120817 0001104659-12-058663.hdr.sgml : 20120817 20120817141707 ACCESSION NUMBER: 0001104659-12-058663 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120816 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120817 DATE AS OF CHANGE: 20120817 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEEL DYNAMICS INC CENTRAL INDEX KEY: 0001022671 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 351929476 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21719 FILM NUMBER: 121042274 BUSINESS ADDRESS: STREET 1: 7575 W JEFFERSON BLVD CITY: FORT WAYNE STATE: IN ZIP: 46804 BUSINESS PHONE: 260 459 3553 MAIL ADDRESS: STREET 1: 7575 W JEFFERSON BLVD CITY: FORT WAYNE STATE: IN ZIP: 46804 8-K 1 a12-18596_18k.htm 8-K

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549

 


 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported): August 17, 2012 (August 16, 2012)

 

STEEL DYNAMICS, INC.

(Exact name of registrant as specified in its charter)

 

Indiana

 

0-21719

 

35-1929476

(State or other jurisdiction

 

(Commission File Number)

 

(IRS Employer

of incorporation)

 

 

 

Identification No.)

 

7575 West Jefferson Blvd, Fort Wayne, Indiana 46804

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: 260-969-3500

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 8.01. Other Events.

 

On August 16, 2012, Steel Dynamics, Inc. issued a press release titled “Steel Dynamics Announces Early Results for Its Previously Announced Tender Offer.”  The full text of the press release is furnished herewith as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1954, as amended, and shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

 

Item 9.01. Financial Statements and Exhibits

 

(d )          Exhibits.

 

The following exhibit is furnished with this report:

 

Exhibit Number

 

Description

 

 

 

99.1

 

A press release dated August 16, 2012 titled “Steel Dynamics Announces Early Results for Its Previously Announced Tender Offer.”

 

2



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereto duly authorized.

 

 

 

 

STEEL DYNAMICS, INC.

 

 

 

 

 

/s/Theresa E. Wagler

 

 

 

Date: August 17, 2012

By:

Theresa E. Wagler

 

Title:

Chief Financial Officer

 

3


EX-99.1 2 a12-18596_1ex99d1.htm EX-99.1

Exhibit 99.1

 

Press Release

August 16, 2012

 

GRAPHIC

 

7575 W. Jefferson Blvd.

Fort Wayne, IN  46804

 

Steel Dynamics Announces Early Results for Its Previously Announced Tender Offer

 

FORT WAYNE, INDIANA, August 16, 2012 — Steel Dynamics, Inc. (the “Company”) (NASDAQ/GS: STLD) today announced that, as of 5:00 p.m., New York City time, on August 15, 2012 (the “Early Tender Deadline”), it had received tenders from holders of $62,146,000 in aggregate principal amount of its 73/8% Senior Notes due 2012 (the “2012 Notes”), representing approximately 14.79% of the outstanding 2012 Notes, and tenders and related consents from holders of $410,462,000 in aggregate principal amount of its 73/4% Senior Notes due 2016 (the “2016 Notes”) (the “2016 Notes” and with the 2012 Notes, collectively, the “Notes”), representing approximately 82.09% of the outstanding 2016 Notes, in connection with the Company’s previously announced cash tender offer for up to $210 million of the approximately $420 million outstanding aggregate principal amount of the 2012 Notes, and for any and all of the $500 million outstanding aggregate principal amount of the 2016 Notes (together, the “Tender Offer”).

 

Based upon the principal amount of Notes tendered to date, the Company will recognize pre-tax charges, consisting of tender premiums and the write-off of non-cash deferred bond fees, estimated at $20 million.

 

As result of the receipt of the requisite consents the Company intends to enter into the supplemental indenture with the trustee effecting the proposed amendments to the indenture governing the 2016 Notes on August 16, 2012, which shorten the advance notice period required for the Company to redeem any of the 2016 Notes from 30 days to three business days prior to the redemption date.  The proposed amendments however will become operative only when the validly tendered notes are accepted for payment by the Company pursuant to the terms of the Tender Offer.  In accordance with the terms of the Tender Offer, tendered Notes may no longer be withdrawn and delivered consents may not be revoked unless the Company makes a material change to the terms of the Tender Offer or is otherwise required by law to permit withdrawal or revocation. The terms of the Offer are described in the Offer to Purchase and Consent Solicitation Statement dated August 2, 2012 (the “Offer to Purchase”), and a related Letter of Transmittal and Consent (the “Letter of Transmittal”), which have been sent to holders of the Notes.

 

The Company currently expects to make payments with respect to any Notes accepted for purchase on or about August 16, 2012, subject to the satisfaction or waiver of the conditions specified in the Offer to Purchase.  For each $1,000 principal amount of 2012 Notes tendered on or before the Early Tender Deadline, the Company will pay $1,014.10, and for each $1,000 principal amount of 2016 Notes tendered on or before the Early Tender Deadline, the Company will pay $1,041.75.

 

The Company has engaged BofA Merrill Lynch and Goldman, Sachs & Co. as dealer managers for the Offer.  Persons with questions regarding the Offer should contact BofA Merrill Lynch at (888) 292-0070 (toll-free) or (980) 683-3215 (collect), or Goldman, Sachs & Co. at (800) 828-3182 (toll-free) or (212) 357-0345. Requests for copies of the Offer to Purchase or the Letter of Transmittal may be directed to D. F. King & Co., Inc., the information agent for the Offer, at (800) 290-6427 (toll-free) or (212) 269-5550 (banks and brokers).

 



 

This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase with respect to any of the Notes.  The Tender Offer is being made solely pursuant to the Offer to Purchase and accompanying Letter of Transmittal which sets forth the complete terms of the Tender Offer which Holders of the Notes should read carefully.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

 

Forward-Looking Statements

 

This press release contains certain predictive statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements.  These include statements regarding the Tender Offer, payments thereunder and results therefrom.  These statements are based on the Company’s current expectations and projections about future events and involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results and performance to be materially different from any future results or performance expressed or implied by these forward-looking statements.

 

More specifically, we refer you to SDI’s detailed explanation of these and other factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K, in our quarterly reports on Form 10-Q or in other reports which we from time to time file with the Securities and Exchange Commission, available publicly on the SEC Web site, www.sec.gov.

 

Forward-looking or predictive statements we make are based upon information and assumptions, concerning our businesses and the environments in which they operate, which we consider reasonable as of the date on which these statements are made. Due to the foregoing risks and uncertainties however, as well as, matters beyond our control which can affect forward-looking statements, you are cautioned not to place undue reliance on these predictive statements, which speak only as of the date of this press release. We undertake no duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

 

Contact:  Theresa E. Wagler, Executive Vice President and Chief Financial Officer—+1.260.969.3500

 


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