02:01 PM EST, 11/21/2025 (MT Newswires) -- Steel Dynamics ( STLD ) said Friday it completed the sale of $650 million of 4% notes due 2028, as well as an additional $150 million of 5.250% notes due 2035.

The additional 2035 notes will constitute a further issuance of, and will be consolidated with, the company's outstanding $600 million 5.250% notes due 2035, which were issued in March 2025.

Steel Dynamics ( STLD ) said the net proceeds from the notes offering will be used to redeem the company's $400 million notes due 2026. The redemption date for the 2026 notes will be Dec. 21.

Shares of Steel Dynamics ( STLD ) were up more than 3% in recent trading.

Price: 158.40, Change: +5.29, Percent Change: +3.46