June 3, 2009 (FinancialWire) — Steel Dynamics, Inc. (NASDAQ: STLD) said it plans to offer 27 million shares of common stock and $150 million of convertible senior notes due 2014. The convertible senior notes will be guaranteed by subsidiaries of Steel Dynamics.

Merrill Lynch & Co. (NYSE: MER), Goldman, Sachs & Co. (NYSE: GS), Morgan Stanley (NYSE: MS) and J.P. Morgan are serving as joint book-running managers for both offerings.

The underwriters in the common stock offering and the convertible senior notes offering will have a 30-day option to purchase, from the company, up to an additional 15% of the offered amount of common stock and convertible senior notes to cover over-allotments.

Steel Dynamics plans to use the net proceeds from the offerings to repay term loan borrowings under its existing senior secured credit facility.

Fort Wayne, Indiana-based Steel Dynamics is a producer of carbon steel products with annual shipments of 4.7 million tons. SDI operates five electric-furnace mini-mills and employs about 3,500 people.

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