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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
STEEL DYNAMICS, INC.
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(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $.01 PER SHARE 858119100
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(TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER)
(Continued on following page(s))
(Page 1 of 10 Pages)
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* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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HOFS03...:\60\47660\1268\1615\SCH2038T.19D
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CUSIP No. 858119100 13G Page 2 of 10
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1 NAME OF REPORTING PERSON: GENERAL ELECTRIC CAPITAL CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE 13-1500700
PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF NEW YORK
ORGANIZATION:
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NUMBER OF 5 SOLE VOTING POWER: 4,310,000
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER: - 0 -
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER: 4,310,000
REPORTING
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PERSON WITH 8 SHARED DISPOSITIVE POWER: - 0 -
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 4,310,000
REPORTING PERSON:
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 8.8
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12 TYPE OF REPORTING PERSON: CO
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CUSIP No. 858119100 13G Page 3 of 10
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1 NAME OF REPORTING PERSON: GENERAL ELECTRIC CAPITAL SERVICES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE 06-1109503
PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
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NUMBER OF 5 SOLE VOTING POWER: DISCLAIMED (SEE 9 BELOW)
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER: - 0 -
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER: DISCLAIMED (SEE 9 BELOW)
REPORTING
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PERSON WITH 8 SHARED DISPOSITIVE POWER: - 0 -
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY BENEFICIAL OWNERSHIP OF
REPORTING PERSON: ALL SHARES IS DISCLAIMED
BY GENERAL ELECTRIC
CAPITAL SERVICES, INC.
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): NOT APPLICABLE
(SEE 9 ABOVE)
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12 TYPE OF REPORTING PERSON: CO
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CUSIP No. 858119100 13G Page 4 of 10
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1 NAME OF REPORTING PERSON: GENERAL ELECTRIC COMPANY
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE 14-0689340
PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF NEW YORK
ORGANIZATION:
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NUMBER OF 5 SOLE VOTING POWER: DISCLAIMED (SEE 9 BELOW)
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER: - 0 -
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER: DISCLAIMED (SEE 9 BELOW)
REPORTING
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PERSON WITH 8 SHARED DISPOSITIVE POWER: - 0 -
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY BENEFICIAL OWNERSHIP OF
REPORTING PERSON: ALL SHARES IS DISCLAIMED
BY GENERAL ELECTRIC
COMPANY
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: [_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): NOT
APPLICABLE
(SEE 9
ABOVE)
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12 TYPE OF REPORTING PERSON: CO
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This Amendment No. 1 amends and restates in its entirety the Schedule 13G
(the "Original Schedule 13G") filed with the Securities and Exchange Commission
on February 14, 1997 by General Electric Capital Corporation ("GECC"), General
Electric Capital Services, Inc. ("GECS") and General Electric Company ("GE")
with respect to the Common Stock, par value $.01 per share, of Steel Dynamics,
Inc., an Indiana corporation (the "Issuer").
Item 1(a): Name of Issuer:
Steel Dynamics, Inc.
Item 1(b): Address of Issuer's Principal Executive Offices:
4500 County Road 59
Butler, Indiana 46721
Item 2(a): Name of Person Filing:
General Electric Capital Corporation, General Electric Capital
Services, Inc. and General Electric Company. GECS is a wholly-owned
subsidiary of GE; GECC is a wholly-owned subsidiary of GECS.
Item 2(b): Address of Principal Business Office:
GECC: 120 Long Ridge Road
Stamford, CT 06927
GECS: 260 Long Ridge Road
Stamford, CT 06927
GE: 3135 Easton Turnpike
Fairfield, CT 06431
Item 2(c): Citizenship:
GECC: Incorporated in New York
GECS: Incorporated in Delaware
GE: Incorporated in New York
Item 2(d): Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e): CUSIP Number:
858119100
Item 3: If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not Applicable
Item 4: Ownership:
(a) GECC beneficially owns 4,310,000 shares of the Common Stock.
Except as disclosed in this Item 4(a), none of GECC, GECS and GE
beneficially owns any securities of the Issuer or has a right to
acquire any securities of the Issuer.
(b) GECC beneficially owns 8.8% of the Common Stock. Beneficial
ownership of all shares of the Common Stock is disclaimed by each of
GECS and GE.
(c) (i) GECC has the sole power to vote or to direct the
voting of 4,310,000 shares of the Common Stock. Except
as disclosed in this Item 4(c)(i), none of GECC, GECS
and GE has the sole power to vote or to direct the
voting of any shares of the Common Stock.
(ii) None of GECC, GECS and GE has shared power to vote or to
direct the voting of any shares of the Common Stock.
(iii) GECC has the sole power to dispose or to direct the
disposition of 4,310,000 shares of the Common Stock.
Except as disclosed in this Item 4(c)(iii), none of
GECC, GECS and GE has the sole power to dispose or
direct the disposition of any shares of the Common
Stock.
(iv) None of GECC, GECS and GE has shared power to dispose or
to direct the disposition of any shares of the Common
Stock.
Page 5 of 10
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Item 5: Ownership of Five Percent or Less of a Class:
Not applicable
Item 6: Ownership of More than Five Percent on Behalf of Another Person:
Not applicable
Item 7: Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company:
Not applicable
Item 8: Identification and Classification of Members of the Group:
Not applicable
Item 9: Notice of Dissolution of Group:
Not applicable
Item 10: Certification:
Not applicable
Page 6 of 10
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ William D. Strittmatter
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William D. Strittmatter
Vice President and Senior Credit
Officer
Dated: February 11, 1998
Page 7 of 10
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Nancy E. Barton
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Nancy E. Barton
Senior Vice President and General
Counsel
Dated: February 10, 1998
Page 8 of 10
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
GENERAL ELECTRIC COMPANY
By: /s/ Nancy E. Barton
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Nancy E. Barton
Attorney-in-Fact
Dated: February 10, 1998
Page 9 of 10
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EXHIBIT INDEX
Exhibit No. Exhibit
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1 Joint Filing Agreement (incorporated by reference to Exhibit 1 to
the Original Schedule 13G)
2 Power of Attorney of General Electric Company (incorporated by
reference to Exhibit 2 to the Original Schedule 13G)
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