Commercial Metals Company (CMC), Wednesday announced its plan to sell $2,000 million of new senior unsecured notes in an offering.
The innovative solutions provider intends to use the proceeds to fund the purchase price for the its previously announced acquisition of all of the issued and outstanding equity securities of entities that own Foley Products Company, LLC.
Notably, the final terms of the offering will be determined at the time of pricing.
In the pre-market hours, CMC is trading at $59.16, down 0.03 percent on the New York Stock Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.