EFTA Document EFTA01385456

3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite Steel Dynamics, Inc. (STLD): Reiterate Hold Ratings due to the increased likelihood of a debt-funded acquisition On October 19, 2017 we published an earning's update for Steel Dynamics, Inc. ISILDA Excerpts from that publication are supplied below for review. 3(117 lkiTning:. Sun !Mai': STLD announced 3Q17 results largely in line with consensus' expectations. EBITDA of $347mn (-3% y/y) came in 1% lower than cons