Yahoo! Steel

Carbon steel product maker Steel Dynamics Inc. said Wednesday that it completed a sale of $350 million in senior notes due 2020.

Steel Dynamics, Inc. announced today that it has consummated the sale of $350 million aggregate principal amount of its 7 5/8% Senior Notes due 2020 , in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to persons outside the United States pursuant to Regulation S.  The net proceeds from the Notes will be used to repay amounts outstanding under its senior secured revolving credit facility and for general corporate purposes, including, without limitation, for debt repayment, capital expenditures, working capital and acquisitions.