CMC enters $1.85B bridge loan for acquisition; amends credit agreement to permit bridge and modify litigation default

COMMERCIAL METALS Co

Up to $1.85B 364-day bridge facility for acquisition under Oct 15 Securities Purchase Agreement.
Existing $600M revolver amended to permit bridge and waive compliance with certain loan document provisions.
Backstop Facility (senior secured $600M revolver) eliminated from commitment letter.
Credit agreement amended to exclude Pacific Steel Group judgment from default triggers up to $250M threshold.
Lenders consent to bridge transaction; other terms of credit agreement unchanged.

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