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) September 6, 2017 (September 6, 2017)
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01. Other Events.
On September 6, 2017, Steel Dynamics, Inc. issued a press release titled Steel Dynamics Announces Tender Offer for any and all of its 6.375% Senior Notes due 2022. A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
On September 6, 2017, Steel Dynamics, Inc. issued a press release titled Steel Dynamics Announces Offering of Notes. A copy of that press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed with this report:
Exhibit Number |
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Description |
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99.1 |
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99.2 |
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A press release dated September 6, 2017, titled Steel Dynamics Announces Offering of Notes. |
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: September 6, 2017 |
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By: |
Theresa E. Wagler |
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Title: |
Executive Vice President and |
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Chief Financial Officer |
Press Release |
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7575 W. Jefferson Blvd. |
Steel Dynamics Announces Tender Offer
for any and all of its 6.375% Senior Notes due 2022
FORT WAYNE, INDIANA, September 6, 2017 Steel Dynamics, Inc. (the Company) (NASDAQ/GS: STLD) today announced that it has commenced a cash tender offer (the Offer) for any and all of the $350 million aggregate principal amount of its 6.375% Senior Notes due 2022 (CUSIP No. 858119AV2; ISIN US858119AV28) (the Notes). The terms of the Offer are described in the Offer to Purchase dated September 6, 2017 (the Offer to Purchase), a related Letter of Transmittal (the Letter of Transmittal) and a related Notice of Guaranteed Delivery (the Notice of Guaranteed Delivery), which are being sent to holders of the Notes and are available on the following website: www.dfking.com/stld.
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, the Letter of Transmittal and the Notice of Guaranteed Delivery.
Holders must validly tender (and not validly withdraw) their Notes prior to 5:00 p.m., New York City time, on September 12, 2017, unless extended (the Expiration Time), in order to be eligible to receive the Purchase Price. The Purchase Price will equal $1,035.63 per $1,000 principal amount of Notes, plus any accrued and unpaid interest on the Notes up to, but not including, the settlement date for the Offer. The Company expects the settlement date to occur on September 13, 2017.
The Expiration Time 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 September 12, 2017.
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. 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, the Letter of Transmittal and the Notice of Guaranteed Delivery. 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 as the dealer manager for the Offer. Persons with questions regarding the Offer should contact BofA Merrill Lynch at (888) 292-0070 (toll-free) or (980) 387-9534 (collect). Requests for copies of the Offer to Purchase, the Letter of Transmittal or the Notice of Guaranteed Delivery may be directed to D. F. King & Co., Inc., the information agent for the Offer, at (877) 283-0318 (toll-free) or (212) 269-5550 (banks and brokers).
About Steel Dynamics, Inc.
Steel Dynamics, Inc. is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the Company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.
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, 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, Chief Financial Officer, +1.260.969.3500
Press Release |
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7575 W. Jefferson Blvd. |
Steel Dynamics Announces Offering of Notes
FORT WAYNE, INDIANA, September 6, 2017 Steel Dynamics, Inc. (the Company)(NASDAQ / GS:STLD) announced today that it plans to sell approximately $350 million aggregate principal amount of debt securities in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act), subject to market and other conditions. The Company intends to use the net proceeds of the offering, along with cash on hand, to purchase any and all of its 6.375% Senior Notes due 2022 (the 2022 Notes) that are validly tendered in a tender offer (the Tender Offer) commenced on September 6, 2017, and to redeem, repurchase or satisfy and discharge any 2022 Notes not purchased in the Tender Offer, and to pay related fees and expenses.
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, 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 and applicable state securities laws.
About Steel Dynamics, Inc.
Steel Dynamics, Inc. is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the Company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.
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, 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. These are 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
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