Commercial Metals Company announced the closing of a $2,000 million Senior Notes offering.
The offering included $1,000 million in 5.75% Senior Notes due 2033 and $1,000 million in 6.00% Senior Notes due 2035.
The net proceeds will be used for funding the Foley Acquisition and general corporate purposes.
Senior Notes Offering
Includes $1,000 million in 5.75% Senior Notes due 2033 and $1,000 million in 6.00% Senior Notes due 2035.
Use of Proceeds
Proceeds will fund the Foley Acquisition and cover transaction-related fees and expenses.
Redemption Clause
If the Foley Acquisition is not completed, all Notes will be redeemed at 100% of the initial issue price plus accrued interest.
- The offering strengthens CMC's financial position for future growth initiatives.
- The successful completion of the offering indicates investor confidence in CMC's strategic direction.
The closure of the Senior Notes offering signifies a significant milestone for Commercial Metals Company in securing funding for strategic acquisitions and operational purposes.