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Steel Dynamics to repay term debt using stock, convertibles proceeds
By Sara Rosenberg
New York, June 2 - Steel Dynamics Inc. plans on repaying term loan borrowings using proceeds from the sale of 27 million shares of common stock and $150 million convertible senior notes due 2014, according to a news release.
Steel Dynamics is a Fort Wayne, Ind.-based manufacturer and seller of steel products.
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