UNITED STATES
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) March 13, 2013 (March 12, 2013)
STEEL DYNAMICS, INC.
(Exact name of registrant as specified in its charter)
Indiana |
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0-21719 |
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35-1929476 |
(State or other jurisdiction |
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(Commission File Number) |
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(IRS Employer |
of incorporation) |
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Identification No.) |
7575 West Jefferson Blvd, Fort Wayne, Indiana 46804
(Address of principal executive offices) (Zip Code)
Registrants 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))
8.01. Other Events.
On March 12, 2013, Steel Dynamics, Inc. issued a press release titled Steel Dynamics Announces Offering of Notes. 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 1934, 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.
On March 12, 2013, Steel Dynamics, Inc. issued a press release titled Steel Dynamics Announces Tender Offer for any and all of its 6 3/4% Senior Notes due 2015. The full text of the press release is furnished herewith as Exhibit 99.2, shall not be deemed filed for purposes of Section 18 of the Securities and Exchange Act of 1934, 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 exhibits are furnished with this report:
Exhibit Number |
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Description |
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99.1 |
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A press release dated March 12, 2013, titled Steel Dynamics Announces Offering of Notes. |
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99.2 |
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A press release dated March 12, 2013, titled Steel Dynamics Announces Tender Offer for any and all of its 6 3/4% Senior Notes due 2015. |
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.
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STEEL DYNAMICS, INC. |
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/s/Theresa E. Wagler |
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Date: March 13, 2013 |
By: |
Theresa E. Wagler |
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Title: |
Chief Financial Officer |
Exhibit 99.1
Press Release |
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7575 W. Jefferson Blvd. |
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Fort Wayne, IN 46804 |
Steel Dynamics Announces Offering of Notes
FORT WAYNE, INDIANA, March 12, 2013 Steel Dynamics, Inc. (the Company)(NASDAQ/GS:STLD) announced today that it plans to sell approximately $400 million 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. Pursuant to a concurrent debt tender offer and consent solicitation, the Company intends to use the proceeds of the offering, along with available cash, to purchase any and all of its 6¾% Senior Notes due 2015, and to pay fees and expenses associated with the tender offer and consent solicitation.
This announcement is neither an offer to purchase or to sell nor a solicitation of an offer to buy any securities. The securities have not been 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.
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 completion of the offering, the timing of the closing of the offering and the use of proceeds from the offering. These statements are based on the Companys current expectations and projections about future events and involve known and unknown risks, uncertainties, and other factors that may cause the Companys 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 the Companys 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 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, Chief Financial Officer, +1.260.969.3500
Exhibit 99.2
Press Release |
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7575 W. Jefferson Blvd. |
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Fort Wayne, IN 46804 |
Steel Dynamics Announces Tender Offer
for any and all of its 6¾% Senior Notes due 2015
FORT WAYNE, INDIANA, March 12, 2013 Steel Dynamics, Inc. (the Company) (NASDAQ/GS: STLD) today announced that it has commenced a cash tender offer (the Tender Offer) for any and all of the $500 million aggregate principal amount of its 6¾% Senior Notes due 2015 (CUSIP No. 858119AH3; ISIN US858119AH34) (the Notes). Concurrently with the Tender Offer, the Company is soliciting consents (the Consent Solicitation and together with the Tender Offer, the Offer) from the holders of the Notes to proposed amendments (the Proposed Amendments) to the Indenture governing the Notes which would shorten the advance notice period required for the Company to redeem Notes from 30 days to three business days prior to the redemption date. The terms of the Offer are described in the Offer to Purchase and Consent Solicitation Statement dated March 12, 2013 (the Offer to Purchase), and a related Letter of Transmittal and Consent (the Letter of Transmittal), which are being sent to holders of the Notes.
The Offer is subject to a number of conditions that are set forth in the Offer to Purchase, including, without limitation, the completion of a new debt financing on terms reasonably satisfactory to the Company and in an amount generating net proceeds sufficient, together with cash on hand, to purchase Notes tendered in the Offer. The Companys obligations to accept any Notes tendered and to pay the consideration for them are set forth solely in the Offer to Purchase and the Letter of Transmittal.
Holders must validly tender their Notes prior to the early tender deadline of 5:00 p.m., New York City time, on March 25, 2013, unless extended (the Early Tender Date), in order to be eligible to receive the Total Consideration. The Total Consideration will equal $1,003.75 per $1,000 principal amount of Notes which, includes an early tender payment of $30.00 per $1,000 principal amount of Notes, plus any accrued and unpaid interest on the Notes up to, but not including, the payment date for the Notes. The Company expects the early settlement date to occur on March 26, 2013.
The Offer expires at 11:59 p.m., New York City time, on April 8, 2013 unless extended (the Expiration Date). Holders who validly tender their Notes after the Early Tender Date but on or prior to the Expiration Date shall be eligible to receive the Tender Offer Consideration equal to $973.75 per $1,000 principal amount of Notes, plus any accrued and unpaid interest on the Notes up to, but not including, the payment date for the Notes. Holders of Notes tendered after the Early Tender Date will not be eligible to receive the early tender payment.
The Early Tender Date and the Expiration Date may be extended, and the Company may withdraw or not complete the Offer. Except in certain circumstances, Notes tendered may not be withdrawn after 5:00 p.m., New York City time on March 25, 2013.
This press release does not constitute an offer to sell or purchase or a solicitation of an offer to sell any of the Notes or any other securities, nor does it constitute a solicitation of consents to the Proposed Amendments. The Offer is made only by, and pursuant to the terms of, the Offer to Purchase, and the information in this press release is qualified by reference to the Offer to Purchase and the Letter of Transmittal. Subject to applicable law, the Company may amend, extend, waive conditions to or terminate the Offer to Purchase.
The Company has engaged BofA Merrill Lynch, Goldman, Sachs & Co. and J.P. Morgan as the dealer managers for the Offer. Persons with questions regarding the Offer should contact BofA Merrill Lynch at (888) 292-0070 (toll-free) or (980) 387-3907 (collect), Goldman, Sachs & Co. at (800) 828-3182 (toll-free) or (212) 357-0345 (collect), or J.P. Morgan at (800) 245-8812 (toll free) or (212) 270-1200 (collect). 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).
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, and other guidance included in this press release. These statements are based on the Companys current expectations and projections about future events and involve known and unknown risks, uncertainties, and other factors that may cause the Companys 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 the Companys 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 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, Chief Financial Officer, +1.260.969.3500