CMC closes $150M tax-exempt bond financing at 4.625% for WV solid waste project

COMMERCIAL METALS Co

Borrowed $150M from West Virginia Economic Development Authority via Solid Waste Disposal Facilities Revenue Bonds, Series 2025.
Bonds bear interest at 4.625% per annum, mature April 15, 2055; semiannual interest payments start Oct 15, 2025.
Proceeds used to finance construction of solid waste disposal facilities in Berkeley County, West Virginia.
CMC's obligations under the loan agreement are senior unsecured; bonds may be redeemed early at prescribed prices after May 15, 2030.
Mandatory tender for purchase on May 15, 2032, at 100% of principal plus interest.

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