PR Newswire·Nov 26, 2025, 4:15 PM ET

Commercial Metals Company Announces Closing of $2,000 Million Senior Notes Offering

Commercial Metals Company (CMC) closed an offering of $1 billion in 5.75% Senior Notes due 2033 & $1 billion in 6.00% Senior Notes due 2035.
The senior unsecured notes rank equally with CMC's existing & future senior unsecured indebtedness.
CMC intends to use net proceeds to fund the acquisition of Foley Products Company, LLC, pay transaction fees, & for general corporate purposes.
Gross proceeds were deposited into an escrow account pending the completion of the Foley Acquisition.
If the Foley Acquisition is not completed by October 15, 2026, or if the purchase agreement is terminated prior to that date, CMC must redeem all notes at 100% of the initial issue price plus accrued interest.
The notes were offered to qualified institutional buyers under Rule 144A & non-U.S. persons under Regulation S without registration under the Securities Act of 1933.
CMC is an innovative solutions provider with a manufacturing network in the U.S. & Central Europe serving the global construction sector.
The release contains forward-looking statements regarding the acquisition & use of proceeds, accompanied by detailed risk factors including market conditions, regulatory changes, & acquisition integration challenges.