Commercial Metals Company Announces Closing Of Tax-Exempt Bond Financing With Proceeds Of $150.0 Million
Round Type
Funding Round
IrvingManufacturingEnergyNatural ResourcesConstructionBuilding MaintenanceDescription
Commercial Metals Company (NYSE: CMC) ("CMC") announced today the closing of the previously announced sale of $145.1 million in original aggregate principal amount of Exempt Facilities Revenue Bonds (Commercial Metals Company Project), Series 2022 (the "Bonds"), issued by the Industrial Development Authority of the County of Maricopa (the "MCIDA"). The sale of the Bonds provided proceeds of $150.0 million, which CMC has borrowed from MCIDA pursuant to a loan agreement, and CMC will use such proceeds to finance a portion of the costs of the construction of its previously announced third micro mill, to be located in Mesa, Arizona.
Quick answer
Commercial Metals raised an undisclosed amount in a Funding Round round, dated February 22, 2022. Commercial Metals is based in Irving, Texas, United States.
- How much did Commercial Metals raise?
- Commercial Metals raised an undisclosed amount in a Funding Round round on February 22, 2022.
- What does Commercial Metals do?
- Commercial Metals Co. is an Irving-based company that offers products and technologies to meet the critical reinforcement needs of the global construction sector.
- Where is Commercial Metals based and how big is it?
- Commercial Metals is based in Irving, Texas, United States. Fundz records about 8,108 employees.
- Who are the decision-makers at Commercial Metals?
- Fundz holds 5 contacts at Commercial Metals. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Natural Resources around the same time
Companies in the same sectors as Commercial Metals that raised within 45 days of this round, from Fundz verified event records.
- LG Energy Solution Ltd raised $1.4B on March 24, 2022.
- Enerkem raised $255M (Funding Round) on April 6, 2022.
- Patriot Battery Metals Inc. raised $40K (Pre-Seed) on April 5, 2022.
- Xpansiv raised $22M on April 5, 2022.
- Ampco-Pittsburgh raised an undisclosed amount (Funding Round) on March 30, 2022.
- Vulcan Infrastructure & Power Inc. raised $100M (Funding Round) on March 24, 2022.
Who to call at Commercial Metals, and when
A new round usually means Commercial Metals is about to hire and buy. The teams that reach out first get the meeting.
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- The decision-makers there, with verified emails
- Who you already know at Commercial Metals, from your own LinkedIn network
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Related People
Commercial Metals raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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