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Commercial Metals Company Announces Proposed Private Offering of $2,000 Million Senior Notes
Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") announced today that it intends to offer to sell, subject to market and other conditions, $2,000 million in aggregate principal amount of new senior unsecured notes (the "Notes") in an offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").
About this update from Commercial Metals Company
[{"type":"text","content":"IRVING, Texas, Nov. 12, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") announced today that it intends to offer to sell, subject to market and other conditions, $2,000 million in aggregate principal amount of new senior unsecured notes (the "Notes") in an offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").","length":476,"tagName":"p"},{"type":"text","content":"Final terms of the Offering will be determined at the time of pricing. The Notes will be CMC's senior unsecured obligations and will rank equally with all of its existing and future senior unsecured indebtedness.","length":216,"tagName":"p"},{"type":"text","content":"CMC intends to use the net proceeds from the sale of the Notes to fund the purchase price for the Company's previously announced acquisition of all of the issued and outstanding equity securities of entities that own Foley Products Company, LLC (such transaction, the "Foley Acquisition") and transaction-related fees and expenses and for general corporate purposes.","length":380,"tagName":"p"},{"type":"text","content":"The Offering of the Notes is not conditioned upon, and will be consummated before, the closing of the Foley Acquisition, and the closing of the Foley Acquisition is not contingent upon the completion of the Offering. In the event that the Foley Acquisition is not completed on or prior to October 15, 2026, or if prior to such date, the securities purchase agreement with respect to the Foley Acquisition is terminated, CMC will be required to redeem all of the Notes at a redemption price equal to 100% of the initial issue price of the Notes plus accrued and unpaid interest from the date of issuance, or from the most recent date to which interest has been paid or provided for, to but not including the special mandatory redemption date.","length":741,"tagName":"p"},{"type":"text","content":"The Notes will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to certain non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or the securi...