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A&O Shearman advises underwriters on Steel Dynamics’ USD800 million senior notes offering

A&O Shearman advises underwriters on Steel Dynamics’ USD800 million senior notes offering

A&O Shearman represented the underwriters in connection with a registered offering by Steel Dynamics, Inc. of USD650m aggregate principal amount of 4.000% senior notes due 2028 and USD150m aggregate principal amount of 5.250% senior notes due 2035. The 5.250% senior notes due 2035 consisted of a further issuance of 5.250% senior notes due 2035 originally issued on March 12, 2025.

Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform.

The company is also currently investing in aluminum operations to further diversify its product offerings, with plans to supply aluminum flat rolled products with high recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.

The A&O Shearman team was led by partners Taylor Landry (Houston, U.S. capital markets) and Jason Lehner (Toronto, U.S. capital markets), counsel John Menke (Houston, U.S. capital markets), and associates Daniel Kim, Justin Higdon, and Paul Gerstle (Houston, U.S. capital markets).

The team also included partners Ken Rivlin (New York-environmental and trade) and Jason Pratt (New York, environmental), Jennifer Morton (New York, financial services regulatory) and Lorenz Haselberger (New York, tax), counsel Maria Christopher Bell (New York, environmental) and associates Brendan Holman (New York, trade) and Olivia Kreft (New York, environmental), Taylor Pugliese and Dominic Petric (New York, financial services regulatory) and Anna Armao (New York, tax).

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