debt
confidence high
sentiment neutral
materiality 0.55
CMC prices $150M tax-exempt bonds at 4.625% for West Virginia waste facility
COMMERCIAL METALS Co
- $150M principal, 4.625% interest rate, maturity 2055; initial term rate period ends May 15, 2032 with mandatory tender.
- Proceeds to finance solid waste disposal facility construction in Berkeley County, West Virginia.
- Bonds issued through West Virginia Economic Development Authority; sold at 100% of principal.
- Bonds are unregistered, offered under Rule 135c exemption from Securities Act.