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Commercial Metals Company Announces Completion of Redemption of 2027 Notes

Published: 2022-02-15 21:15:00 ET

IRVING, Texas, Feb. 15, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") announced today that it has redeemed all of its outstanding 5.375% Senior Notes due 2027 (the "2027 Notes"). As a result of the completion of the redemption, none of the 2027 Notes remain outstanding. The aggregate redemption price was approximately $314.9 million, including approximately $1.3 million in accrued but unpaid interest. CMC financed the redemption with a portion of the proceeds from its recently completed offering of $600 million in aggregate principal amount of senior notes in two tranches.

About Commercial Metals Company

Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products, and provide related materials and services through a network of facilities that includes seven electric arc furnace ("EAF") mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland.

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SOURCE Commercial Metals Company

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.