| Ticker: STLD | 4500 County Road 59 | |
| Exchange: NASDAQ-National Market | Butler, Indiana 46721 | |
| Industry: Manufacturing | (219) 868-8000 |
| Type of Shares: | Common Shares | Filing Date: | 9/23/96 | |
| U.S. Shares: | 7,875,000 | Offer Date: | 11/21/96 | |
| Non-U.S. Shares: | 1,968,750 | Filing Price: | - | |
| Primary Shares: | 9,375,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 468,750 | Gross Spread: | $0.92 | |
| Offering Amount: | Selling: | $0.56 | ||
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| McDonald & Company Securities, Inc. | Co-manager | (216) 443-2300 |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 8/24/96 | 8/24/96 | ||||
| Revenue: | $142.23 | Assets: | $402.05 | ||
| Net Income: | -$12.29 | Liabilities: | $306.25 | ||
| EPS: | Equity: | $95.80 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company owns and operates a new, state-of-the-art flat-rolled steel mini-mill, which commenced operations in January 1996. The company was founded by executives and managers who pioneered the development of thin-slab/flat-rolled compact strip production (CSP) technology and directed the construction and operation of the world's first thin-slab/flat-rolled mini-mill. Building upon their past experience with CSP technology, management founded SDI to produce steel more efficiently, at a lower cost and of higher quality. Steel Dynamics' goal is to become the low cost producer of a broad range of flat-rolled steel products, including hot-rolled, cold-rolled and galvanized sheet, and to serve more markets than any other flat-rolled mini-mill. In addition, the company intends to participate in the development and use of new technologies to produce a broad range of steel products. The company was founded in September 1993 by Keith E. Busse, Mark D. Millett and Richard P. Teets, Jr. Steel Dynamics commenced construction of the mini-mill in October 1994 and commissioned it in December 1995. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to prepay outstanding indebtedness and to finance the Caster Project. |
©1996 IPO Data Systems, Inc. - All rights reserved.