Steel Dynamics plans public offering - Business First of Louisville:

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The senior notes will be guaranteed by SteelDynamicx subsidiaries, the Fort Wayne, Ind.-based steel producer said in a news On Wednesday, Steel Dynamics sharews closed down 10 percent, or $1.56, to Underwriters for the commoj stock and senior note offering will have a 30-dayy option to purchase an additional 15 percentr to cover over-allotments. Merrill Lyncuh & Co., , and will servde as book-running managers for both the common stocok and seniornote , LLC and will serve as co-managers for the stock and will serve as co-managers for the senior note offering. Steel Dynamic also announced that it will cutits second-quarter dividend to 7.
5 centxs per share, compared with 10 cents a share a year The dividend is payable July 10 to shareholders of recorf on June 30. Steel Dynamics (NASDAQ: STLD), which operatea a steel processing facilityin Jeffersonville, Ind., will use proceedws from the offerings to make loan according to a news release.