debt
confidence high
sentiment neutral
materiality 0.70
CMC prices $2B senior notes offering to fund Foley Products acquisition
COMMERCIAL METALS Co
- $1B of 5.75% Senior Notes due 2033 and $1B of 6.00% Senior Notes due 2035 priced.
- Offering expected to close on or about Nov 26, 2025.
- Net proceeds to fund Foley Products acquisition and general corporate purposes.
- If Foley acquisition not completed by Oct 15, 2026, notes subject to special mandatory redemption at 100% of issue price plus accrued interest.
- Notes are senior unsecured obligations ranking equally with existing senior unsecured debt.