Commercial Metals Company announced an amendment to its credit agreement governing the revolving credit facility.
The amendment increases the borrowing capacity from $600.0 million to $1.0 billion.
It also extends the maturity date from October 26, 2029, to December 17, 2030.
Borrowing Capacity Increase
Borrowing capacity raised from $600.0 million to $1.0 billion.
Maturity Date Extension
Maturity date extended from October 26, 2029, to December 17, 2030.
Company Identity
CMC is an innovative solutions provider focusing on global construction needs.
- The increased borrowing capacity indicates potential growth opportunities for CMC.
- Extending the maturity date provides financial flexibility for the company's future endeavors.
Commercial Metals Company's amendment to the credit facility reflects strategic financial planning for expansion and sustainability in the construction sector.