Commercial Metals Company Successfully Closes $150 Million Tax-Exempt Bond Financing

On May 15, 2025, Commercial Metals Company (CMC), a prominent player in the construction materials industry, announced the successful closing of its previously announced sale of $150 million in tax-exempt bonds, specifically designed for financing solid waste disposal facilities. Issued by the West Virginia Economic Development Authority (WVEDA), this significant financing endeavor comes with an interest rate of 4.625% per annum, maturing in the year 2055.

This strategic move allows CMC to borrow funds from WVEDA, which will be allocated to support the construction of solid waste disposal facilities located in Berkeley County, West Virginia. The initiative not only reflects CMC's commitment to sustainable development but also emphasizes the company's role in supporting essential infrastructure in the region.

The company is set to responsibly manage the debt service associated with these bonds. CMC will handle semiannual interest payments on the outstanding principal and is committed to repaying the principal upon maturity or through earlier redemption. Notably, this announcement does not constitute an offer to sell or solicit any securities in jurisdictions where such offers would be deemed unlawful.

About Commercial Metals Company

With a focus on innovation and sustainability, CMC has positioned itself as a solutions provider aimed at building a safer and more sustainable world. Its extensive network of manufacturing facilities, primarily located in the United States and Central Europe, enables the company to deliver products and technologies that address the critical needs of the construction sector. From infrastructure to energy generation, CMC's offerings play a vital role in early-stage construction across various applications.

The successful closure of this bond financing is a testament to CMC’s operational excellence and its dedication to fostering environmental stewardship through the construction of essential waste management facilities. As the company moves forward, it looks to reinforce its commitment to sustainable construction practices and contribute to the overall well-being of communities they serve.

In summary, the bond financing not only supports CMC’s solid waste disposal initiatives but also illustrates the significant role of public-private partnerships in infrastructure development. With an eye on sustainability and community impact, CMC sets the stage for future innovations that meet the evolving needs of the construction industry, positioning itself as a leader in fostering environmentally responsible practices within the sector.

Conclusion

The closing of the $150 million tax-exempt bond financing signifies a proactive step taken by CMC towards enhancing its operational footprint in West Virginia. By investing in solid waste disposal facilities, CMC is not only improving its service delivery but also contributing to a more sustainable future. With its commitment to innovation and sustainability, the company is paving the way for continued growth and community engagement in the construction industry.