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Commercial Metals Company Announces Pricing of Tax-Exempt Bond Financing with Proceeds of $150.0 Million
CMCCMC(CMC) Prnewswire·2025-05-06 20:15

Core Viewpoint - Commercial Metals Company (CMC) announced the pricing of 150millioninSolidWasteDisposalFacilityRevenueBondstofinancetheconstructionofsolidwastedisposalfacilitiesinBerkeleyCounty,WestVirginia,withaninterestrateof4.625150 million in Solid Waste Disposal Facility Revenue Bonds to finance the construction of solid waste disposal facilities in Berkeley County, West Virginia, with an interest rate of 4.625% and a maturity date in 2055 [1]. Group 1: Bond Details - The Bonds will be issued through the West Virginia Economic Development Authority (WVEDA) and sold at 100% of the principal amount, providing proceeds of 150 million [1]. - The initial Term Rate Period for the Bonds ends with a mandatory tender for purchase on May 15, 2032 [1]. - The Bonds will not be registered under the Securities Act of 1933 and may not be offered or sold within the U.S. without registration or an applicable exemption [2]. Group 2: Company Overview - CMC is described as an innovative solutions provider focused on building a stronger, safer, and more sustainable world, primarily serving the global construction sector [4]. - The company operates an extensive manufacturing network located mainly in the United States and Central Europe, offering products and technologies for various construction applications [4].