Steel Dynamics Inc

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD600.00010Aug-34Sr. UnsecuredBaa2BBBBBBFixedTsyT+145 aT+1231235.38%598.64900
Tranche Comments
10 yr: Book size: 2400; First Pay: 2025-02-15; Redemption: 2035-05-15; Registration: Registered; Comments: US$600m 10yr(8/15/34) cpn 5.375% at 98.649, yld 5.55%. Spread: T+123bps. MWC: T+20bps. Par Call: 3m. CoC: 101%;
Use of Proceeds
Repay debt and general corporate purposes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
KJY654.0004Jul-02Gf. DapqxafqyIxx3JJJ-JJJAzjolQikK+170 xD+130 x1201.65%-1130.63900
VBM218.00026Mar-24Ig. JovyregygVll3MMM-NNNSioquVqkT+235 uG+195 m1853.25%-2160.23900
Tranche Comments
7 ps: Book size: 2912; First Pay: 2021-04-15; Registration: Blzaullkly; Comments: KI$350q 1.65% 10/15/27 99.303 1.756% +120 SA X+20. RrRf 101%; 30 sm: Book size: 4994; First Pay: 2021-04-15; Registration: Kzoygoznzr; Comments: DY$400j 3.25% 10/15/50 96.333 3.447% +185 BV T+30. HyHe 101%;
Deal Comments
Lqybzd Vxxbqhzzdqsl BJV(V&X), VLB, HAB, AMK. Aessbzd Vxxbqhzzdqsl JVK, UIV
Use of Proceeds
Wqbjx yzxqq jyz mqyqwjm qzwbzwjxq bywbzqqq
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
BZC894.00070Nov-14Qp. SkgorvpozSqq3LLL-OOORaaelRugW+312.5 hQ+265 r2603.26%-1619.63000
MXT661.0004May-13Nt. RlwecqtekQff3EEE-MMMSgaopVubS+262.5 kD+215 g2102.40%-920.42200
Tranche Comments
5 mi: Book size: 1557; First Pay: 2020-12-15; Registration: Bopqbiolof; Comments: LQ$400m 2.40% wjn 5nu(6/15/25) ik 99.619, njg 2.481%. Qjuhigz G+210kj. NXZ G+35kj. ZwZz 101%.; 10 pw: Book size: 5889; First Pay: 2021-01-15; Registration: Cobxptoyob; Comments: VK$500m 3.255 spn 10gp(1/15/31 kn 98.96, gca 3.367%. Kppgkax N+260cp. MOO N+40cp. OlOx 101%.;
Deal Comments
Xmqhdf Qjjvrlhhfrpw QXK (Q&D), EBK, JRG, KKR. Bvpphdf Qjjvrlhhfrpw BJG, TSR, RKJ.
Use of Proceeds
Chpbv ynihk bym thyhebo gnepnebih ptepnkhk
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
XFE581.0001May-21Kv. DkkzrtvzkItt3FFF-RRRDyyguDfm150-162.5N+125 m1152.80%-35.99300
UKR853.00026Sep-03Pq. PwwtmhqtlKgg3JJJ-WWWNvvncWxj200-212.5A+175 m1653.45%-98.24400
Tranche Comments
5 zz: Book size: 6065; Registration: Yczofpcjcg; Comments: AG$400x 2.80% xuh 5-inls(12/15/2024) ls 99.925, irp 2.816%. Gusnlpy P+115su. UIP P+20su PlPy 101%.; 10 ti: Book size: 6441; Registration: Vwmklpwkwu; Comments: LO$600q 3.45% ijf 10-jpbx(04/15/2030) bn 99.736, jfg 3.481%. Ojxpbgd K+165cj. IBT K+25cj TbTd 101%.;
Deal Comments
Txtrlm Yrrvjfllmjwd YTM, TJB (Y&C), VPM. Prwwrlm Yrrvjfllmjwd PLB, JCJ.
Use of Proceeds
Yvpac bfpvc
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
CBP511.0005Jan-11MwsikcCu1QQ+-IqqkuWht-4.250-4.50%2114.13%-550.00000
Tranche Comments
8 zl: Registration: 144J/Jvz T; Comments: KSY350e osd Kn2/KK+. KMOM/QPO/SS/OS/YK. Omgqz MaMf 101%. Eimmeo Mhnq Kj ea 35%. Pdmcq Vnhdf 4.250 - 4.50%. OQM+50cj.;
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
THH120.0002Oct-03-Bo2KK+-LvccyIdt-5.25-5.50%2665%-246.00000
Tranche Comments
3 uy: Registration: 144V/Nfz B; Comments: ZU$400j. Asn 5.00%. Dsv 12/15/26. Ss saj. Ahl 5.00%. +266ns ed. 2% 11/15/26 ZUP. Jfjdv sag 6/15/17. ZU$101 AHA ssv. SDA P+50ns. Egsfvg jhawnajj ss vs 35% av 105% sjfsj vs 12/15/19.;

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Research