Commercial Metals Company Prices Offering of $2,000 Million Senior Notes in Two Tranches
CMCCMC(US:CMC) Prnewswire·2025-11-12 23:00

Core Points - Commercial Metals Company (CMC) announced the sale of $2,000 million in aggregate principal amount of Senior Notes, consisting of $1,000 million of 5.75% Senior Notes due 2033 and $1,000 million of 6.00% Senior Notes due 2035 [1][2] - The net proceeds from the sale will be used to fund the acquisition of Foley Products Company, transaction-related fees, and general corporate purposes [3] - The offering is expected to close on or about November 26, 2025, and is not contingent upon the completion of the Foley Acquisition [4] Financial Details - The 2033 Notes will mature on November 15, 2033, while the 2035 Notes will mature on December 15, 2035 [2] - The Notes will rank equally with all existing and future senior unsecured indebtedness of CMC [2] Offering Conditions - The Notes will be offered only to qualified institutional buyers and certain non-U.S. persons, and will not be registered under the Securities Act [5] - If the Foley Acquisition is not completed by October 15, 2026, CMC will be required to redeem all of the Notes at a price equal to 100% of the initial issue price plus accrued interest [4]