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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
Completion of Redemption of and Tender Offer for 2026 Notes
On February 19, 2021, Commercial Metals Company issued a press release announcing the completion of the redemption of all of its outstanding 5.750% Senior Notes due 2026 (the “2026 Notes”) following the expiration of its cash tender offer (the “Tender Offer”) to purchase any and all of the 2026 Notes. Following the expiration of the Tender Offer, there was a total of approximately $272.2 million in aggregate principal of 2026 Notes outstanding that were redeemed on February 19, 2021 for an aggregate cash redemption price of approximately $287.5 million, including accrued and unpaid interest.
In addition, as of 12:00 midnight, New York City Time, February 16, 2021 (the “Expiration Time”), $66,000 in aggregate principal of 2026 Notes were tendered. These notes were repurchased on February 18, 2021 for $67,792 and brought the total aggregate principal of 2026 Notes tendered and repurchased in the Tender Offer to approximately $77.8 million, including amounts tendered by the early tender time, which were previously settled on February 3, 2021.
A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Description | |
| 99.1 | Press Release issued by Commercial Metals Company on February 19, 2021. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| COMMERCIAL METALS COMPANY | ||||||
| Date: February 19, 2021 | By: | /s/ Paul J. Lawrence | ||||
| Name: | Paul J. Lawrence | |||||
| Title: | Vice President and Chief Financial Officer | |||||
