Commercial Metals Co. (CMC) said it is offering to sell $300 million aggregate principal amount of senior notes in an underwritten public offering under its effective shelf registration statement. CMC would use the net proceeds from the offering to fund the buyback of any and all of the $200 million aggregate principal amount outstanding of its 5.625% senior notes due 2013 in a cash tender offer and consent solicitation that it commenced today and to redeem any remaining 2013 notes that are not tendered following the expiration of the tender offer and consent solicitation, in each case together with accrued interest, any applicable premium payments and related expenses.
The company plans to use the remainder of the net proceeds from the offering for general corporate purposes. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering, and PNC Capital Markets LLC and Scotia Capital (USA) Inc. are acting as co-managers for the offering.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.