Commercial Metals Company announced an amendment to its credit agreement increasing borrowing capacity to $1.0 billion.
The amendment extends the maturity date of the revolving credit facility to December 17, 2030.
CMC is a solutions provider in the construction sector with a focus on innovation and sustainability.
Borrowing Capacity Increase
Borrowing capacity rose from $600.0 million to $1.0 billion.
Extended Maturity Date
The maturity date extended from October 26, 2029, to December 17, 2030.
CMC's Solutions
The company offers technologies for various construction applications supporting sustainable development.
- The increased borrowing capacity indicates confidence in CMC's growth and strategic initiatives.
- Extending the maturity date provides financial stability and flexibility for the company's operations.
The credit facility amendment positions Commercial Metals Company for continued growth and resilience in the construction industry.