01—Abstract
Summary
Summary of the 8-K filed December 23, 2025. Cited figures are marked; the original filing is the authoritative source.
Steel Dynamics, Inc. filed this Current Report on Form 8-K dated December 23, 2025, under Item 1.02 (Termination of a Material Definitive Agreement).
The filing states that, effective December 21, 2025, the Company redeemed and subsequently repaid all of its outstanding 5.000% Senior Notes due 2026 at 100.000% of the $400,000,000a principal amount, plus accrued and unpaid interest to, but not including, December 21, 2025. The Notes were issued under an Indenture dated as of December 6, 2016, between the Company, as Issuer, and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as Trustee. The filing states that, under Section 8.01 of the Indenture, the Company has fully paid all remaining sums due and delivered all Notes to the Trustee for cancellation, so the Company's obligations under the Indenture have been terminated.
For investors, the filing is a administrative disclosure of debt retirement. It reports that the Company has eliminated this $400,000,000b senior note obligation and the related indenture, and it does not describe any new financing, earnings results or operating developments.
02—Key points
Key Highlights
- Steel Dynamics redeemed and repaid all outstanding 5.000% Senior Notes due 2026 effective December 21, 2025.
- The redemption price was 100.000% of the $400,000,000 principal amount, plus accrued and unpaid interest to, but not including, December 21, 2025.
- The Notes were governed by an Indenture dated December 6, 2016, with Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as Trustee.
- Under Section 8.01 of the Indenture, the Company's obligations under the Indenture have been terminated after full payment and delivery of the Notes for cancellation.
- The filing is a Item 1.02 disclosure of termination of a material definitive agreement and does not include new financing or earnings information.
- The 8-K was signed by Theresa E. Wagler, Executive Vice President and Chief Financial Officer, and dated December 23, 2025.
03—Questions
Frequently Asked Questions
What did Steel Dynamics do with its 5.000% Senior Notes due 2026?
The filing states the Company redeemed and subsequently repaid all outstanding Notes, at 100.000% of the $400,000,000 principal amount plus accrued and unpaid interest to, but not including, December 21, 2025.
Does this filing mean the Company's Indenture is no longer in effect?
Yes. The filing states that after the Company fully paid all remaining sums under the Indenture and delivered all Notes to the Trustee for cancellation, the Company's obligations under the Indenture were terminated pursuant to Section 8.01.
How much debt was retired by this transaction?
The filing identifies the Notes' original principal amount as $400,000,000, which the Company repaid at 100.000% of principal, plus accrued and unpaid interest.
Who is the Trustee for the Notes?
The filing identifies the Trustee as Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association.
Does the filing report any new financing or earnings results?
No. The filing addresses only the termination of the Notes and the related Indenture under Item 1.02 and does not report new financing, earnings or operating results.
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