Commercial Metals Company Announces Proposed $150M Tax-Exempt Bond Financing
Amount Raised
$150 Million
Round Type
Funding Round
IrvingManufacturingEnergyNatural ResourcesConstructionBuilding MaintenanceDescription
Commercial Metals Company (NYSE: CMC) ("CMC") announced today a proposed tax-exempt bond financing in the amount of $150.0 million. In connection with the proposed financing, the Industrial Development Authority of the County of Maricopa (the "MCIDA") authorized the issuance and sale of Exempt Facilities Revenues Bonds (Commercial Metals Company Project), Series 2022 (the "Bonds"). If the financing is completed, MCIDA will issue the Bonds and loan the proceeds of the sale of the Bonds to CMC pursuant to a loan agreement between CMC, as borrower, and MCIDA, as lender. The loan proceeds will be used to finance a portion of the costs of the construction of CMC's previously announced second steel micro mill in Mesa, Arizona
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.
- Fractal raised $360M on January 5, 2022.
- Planetary Technologies raised $7.8M (Funding Round) on March 17, 2022.
- ON Semiconductor Corporation raised an undisclosed amount (Series C) on March 17, 2022.
- Heartland Water Technology raised $45M on March 17, 2022.
- Validere raised $43M (Funding Round) on March 15, 2022.
- RAVEN SR raised an undisclosed amount (Corporate Round) on March 14, 2022.
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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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