Steel Dynamics, Inc. (the "Company") announced that it has consummated the sale of $400 million aggregate principal amount of 2.800% Notes due 2024 (the "2024 Notes") and $600 million aggregate principal amount of 3.450% Notes due 2030 (together with the 2024 Notes, the "Notes"). The net proceeds from the Notes will be used to redeem or satisfy and discharge the entire $700 million of the Company's 5.125% Senior Notes due 2021 (the "2021 Notes") in accordance with the indenture governing the Company's 2021 Notes and for general corporate purposes. The issuance of the Notes and retirement of the 2021 Notes, when fully consummated, will enable the Company to extend its debt maturity profile and reduce its effective interest rate. Additionally, the Company announced that it has called for redemption the entire $700 million of the 2021 Notes. The redemption date for the 2021 Notes will be January 10, 2020. The redemption price for the 2021 Notes will be at 100.000%, plus accrued and unpaid interest to, but not including, the redemption date. On and after the redemption date, the 2021 Notes will no longer be deemed outstanding, interest will cease to accrue thereon and all rights of any remaining holders of 2021 Notes will cease to exist, except for the right to receive the redemption price, without interest thereon. The notice of redemption containing information required by the terms of the indenture, dated as of September 9, 2014, as supplemented and amended, governing the 2021 Notes, was sent to registered holders of the 2021 Notes on December 11, 2019. The 2021 Notes are to be surrendered to Wells Fargo Bank, National Association, as trustee and paying agent, in exchange for payment of the redemption price on the redemption date.