Commercial Metals Company (NYSE: CMC) announced an amendment to its revolving credit facility, increasing borrowing capacity to $1.0 billion.
The maturity date extended to December 17, 2030, from the previous date of October 26, 2029.
CMC is known for providing innovative solutions to the global construction sector through its extensive manufacturing network in the US and Central Europe.
Borrowing Capacity Increase
Borrowing capacity increased from $600.0 million to $1.0 billion.
Maturity Date Extension
Maturity date extended to December 17, 2030, providing longer-term financial stability.
CMC's Solutions
CMC offers technologies to support early-stage construction, spanning various sectors like infrastructure, residential, and energy.
- The amendment enhances CMC's financial flexibility and ability to support its construction projects.
- The increased capacity signifies CMC's confidence in its growth trajectory and long-term sustainability.
This amendment marks a significant milestone for CMC, positioning them for continued growth and solidifying their position in the construction industry.