Headwall Partners, EA Markets, XMS Capital Partners,

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DELRAY BEACH, Fla., Aug. 22, 2022 (GLOBE NEWSWIRE) — Headwall Partners LLC, EA Markets Securities LLC, XMS Capital Partners, LLC and Odinbrook Global Advisors LLC announced the closing of the previously announced joint venture agreement between Unity Aluminum Inc. (“Unity”) and Steel Dynamics Inc. (“Steel Dynamics” – NASDAQ/GS: STLD) in which Steel Dynamics intends to build and operate a new state-of-the-art 650,000 ton plant, low carbon and recycled. aluminum flat rolling mill (see Steel Dynamics press release, July 20, 2022). Headwall, XMS Capital, EA Markets and Odinbrook acted as financial advisors to Unity on this transaction.

Several highlights of the transaction include:

  • No new aluminum flat rolling mills have been built in North America for over 40 years.
  • The planned plant will have an annual production capacity of 650,000 tonnes of finished products, serving the durable beverage packaging, automotive and common alloy industrial sectors.
  • Capital investment in the planned plant is estimated at $1.9 billion ($2.2 billion, including two satellite aluminum slab centers that will be controlled by Steel Dynamics).
  • Commercial production of the rolling mill is expected to begin in the first quarter of 2025.
  • Steel Dynamics estimates that the project will generate between $650 million and $700 million in annual EBITDA on a full cycle basis.
  • The plant is expected to use a significant amount of pre- and post-consumer aluminum scrap in its production process.
  • Unity Aluminum will own approximately 6% of the rolling plant under the joint venture agreement with Steel Dynamics, which will own approximately 94%.
  • Unity employees will bring significant aluminum industry operational expertise to the project, complementing Steel Dynamics’ proven construction and operations skills.

Peter J. Scott, Founder and Managing Partner of Headwall Partners, said, “Headwall and our partners at XMS Capital, EA Markets and Odinbrook Global Advisors are delighted to have acted as financial advisors to Unity Aluminum in this historic transaction. . Steel Dynamics is an excellent partner for Unity, and the joint venture agreement will combine the Unity team’s significant experience in aluminum mining with Steel Dynamics’ performance-based mining culture and experience. considerable in the successful construction and operation of profitable and highly profitable flat-rolled carbon steel mills.”

Terry Gill, Interim President and CEO of Unity, said, “The closing of this transaction is the result of the hard work of dedicated Unity employees working in partnership with Headwall and its corporate partners, XMS Capital, EA Markets and Odinbrook. We appreciate the hard work and expertise of all team members in successfully establishing this joint venture agreement between Unity and Steel Dynamics, and we look forward to the successful construction and start-up of the plant. »

EA Markets President Robert Imershein said, “It was an honor to work with the world-class professionals of the Unity team and I am delighted to have advised and supported them in this successful transaction.

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About Headwall Partners LLC — www.headwallpartners.com

Headwall Partners LLC is a corporate finance and strategic advisory firm primarily focused on the steel, metals and mining industries. Led by veteran investment banker Peter J. Scott, Headwall Partners provides strategic advice on mergers and acquisitions, debt and equity investments, restructurings, valuations and other financial services. Headwall Partners operates in alliance with corporate partners to augment Headwall’s industry expertise with the specific product expertise of its partners. Headwall Partners is based in Delray Beach, Florida and serves clients worldwide. The Managing Partner of Headwall Partners LLC is registered with XMS Capital Partners, LLC, an entity registered with the Securities Exchange Commission as a broker-dealer and regulated by FINRA. Securities offered by XMS Capital Partners, LLC. FINRA Member | SIP member.

About EA Markets LLC — www.eamarkets.com

EA Markets is an independent investment bank specializing in capital arrangement. EA has raised more than $250 billion in debt and equity financing for public companies and private equity portfolio companies. Our corporate finance professionals are highly experienced in executing syndicated loans, direct investments and securities underwriting transactions. Securities activities conducted by FINRA & SIPC, member of EA Markets Securities LLC.

About XMS Capital Partners, LLC — www.xmscapital.com

XMS Capital Partners, established in 2006, is an independent global financial services firm that provides investment banking, asset management and merchant banking services to its clients. It has offices in Chicago, London and Boston. XMS provides Involvement Banking™, which goes beyond transaction-driven investment banking and focuses on providing objective, value-added advice and tailored solutions to help clients achieve their strategic goals. XMS Capital Partners, LLC is a FINRA Member and a SIPC Member. XMS Capital Partners (UK) Limited is authorized and regulated by the Financial Conduct Authority.

About Odinbrook Global Advisors LLC — www.odinbrook.com

Odinbrook Global Advisors is an advisory boutique providing independent advice to businesses, creditors and boards in distress, turnaround, bankruptcy and other special situations. Founded by investment banker Steven Strom, the firm specializes in providing strategic and financial restructuring advice, expert testimony and interim support to boards of directors and companies. Odinbrook’s managing partner is registered with XMS Capital Partners, LLC, an entity registered with the Securities Exchange Commission as a broker-dealer and regulated by FINRA. Securities offered by XMS Capital Partners, LLC. FINRA Member | SIP member.

contacts: Peter J. Scott

Headboard Partners

+1 855-432-3925

[email protected]

Joe Hoban

EA Markets

+1 646-415-6143

[email protected]

John Spence

XMS Capital Partners

+1 312-262-5655

[email protected]

Steven Strom

Odinbrook Global Advisors

+1 (203) 918-4500

[email protected]

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