STEEL DYNAMICS,INC. (NASDAQ:STLD) Files An 8-K Termination of a Material Definitive AgreementItem 1.02. Termination of a Material Definitive Agreement.
Effective October13, 2017, Steel Dynamics,Inc. (the “Company”) has repaid all of its remaining outstanding 6.375% Senior Notes due 2022 (the “Notes”), at a price of 103.188% of the principal amount of $167,124,000, together with accrued and unpaid interest to October13, 2017.
The Notes were issued in the original principal amount of $350,000,000, to an Indenture, as amended and supplemented, dated as of August16, 2012 (the “Indenture”), among the Company as Issuer, the Initial Subsidiary Guarantors, and Wells Fargo Bank, National Association, as Trustee.
to the Section8.01 of the Indenture, the Company having fully paid all remaining sums payable thereunder, and having delivered all remaining Notes to the Trustee for cancellation, the Company’s obligations under the Indenture have now been terminated.
About STEEL DYNAMICS,INC. (NASDAQ:STLD)
Steel Dynamics, Inc. is a steel producing and a metal recycling company. The Company is engaged in manufacturing and selling of steel products, processing and selling of recycled ferrous and non-ferrous metals, and fabricating and selling of steel joist and deck products. Its segments include steel operations, which include the Company’s Butler Flat Roll Division, Columbus Flat Roll Division, The Techs galvanizing lines, Structural and Rail Division, Engineered Bar Products Division, Roanoke Bar Division, Steel of West Virginia and Iron Dynamics (IDI); metals recycling operations, which include both ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage and consulting services; steel fabrication operations, which include over eight New Millennium Building Systems joist and deck plants located throughout the United States and Northern Mexico, and other operations, which consist of its Minnesota ironmaking operations, and several smaller joint ventures.
