Commercial Metals Company Announces Pricing 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 pricing of $145.1 million in original aggregate principal amount of Exempt Facilities Revenue Bonds (Commercial Metals Company Project), Series 2022 (the "Bonds"), to be issued by the Industrial Development Authority of the County of Maricopa (the "MCIDA"). The Bonds were priced to yield 3.5%, and the sale of the Bonds is expected to provide proceeds of $150.0 million. CMC intends to borrow proceeds from the sale of the Bonds from the MCIDA pursuant to a loan agreement and use such proceeds to finance a portion of the costs of the construction of CMC's previously announced second steel micro mill in Mesa, Arizona. The Bonds will bear interest at 4.0% per annum and mature in 2047.
Quick answer
Commercial Metals raised an undisclosed amount in a Funding Round round, dated February 10, 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 10, 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.
- Fractal raised $360M on January 5, 2022.
- Vulcan Infrastructure & Power Inc. raised $100M (Funding Round) on March 24, 2022.
- Heartland Water Technology raised $45M on March 17, 2022.
- ON Semiconductor Corporation raised an undisclosed amount (Series C) on March 17, 2022.
- Planetary Technologies raised $7.8M (Funding Round) on March 17, 2022.
Who to call at Commercial Metals, and when
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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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