Commercial Metals Company Announces Closing of $2,000 Million Senior Notes Offering

Core Points - Commercial Metals Company (CMC) has successfully closed an offering of $1,000 million in 5.75% Senior Notes due 2033 and $1,000 million in 6.00% Senior Notes due 2035, totaling $2,000 million [1][2] - The proceeds from the offering will be used to fund the acquisition of Foley Products Company, along with transaction-related fees and general corporate purposes [3] - The Notes are senior unsecured obligations and will rank equally with CMC's existing and future senior unsecured indebtedness [2] Financial Details - The 2033 Notes will mature on November 15, 2033, while the 2035 Notes will mature on December 15, 2035 [2] - Gross proceeds from the issuance of the Notes were placed into an escrow account pending the completion of the Foley Acquisition [4] - If the Foley Acquisition is not completed by October 15, 2026, CMC will be required to redeem all of the Notes at 100% of the initial issue price plus accrued interest [4] Offering Details - The Notes were offered only to qualified institutional buyers and certain non-U.S. persons, in compliance with Rule 144A and Regulation S under the Securities Act [5] - The Notes have not been registered under the Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [5]