COMMERCIAL METALS (CMC) Company Report

Commercial Metals Company (CMC) completed the acquisition of Concrete Pipe & Precast, LLC (CP&P) on December 1, 2025.
The acquisition was made for a cash purchase price of $675 million, subject to customary adjustments.
CP&P is a leading supplier of precast concrete and pipe products, operating from 17 facilities in seven core states across the Mid-Atlantic and South Atlantic regions.
This acquisition, combined with the anticipated closing of Foley Products Company by the end of calendar 2025, is expected to establish CMC as a leader in the precast concrete platform in the United States.

6 days ago

8-K

Commercial Metals Company Completes Acquisition of Concrete Pipe & Precast, LLC

CMC

M&A

New Projects/Investments

Commercial Metals Company (CMC) completed the acquisition of Concrete Pipe & Precast, LLC (CP&P) from Eagle Corporation and ECPP, LLC on December 1, 2025.
The acquisition was for a cash purchase price of $675 million, subject to customary adjustments.
CP&P is a leading supplier of precast concrete and pipe products in the Mid-Atlantic and South Atlantic regions, operating from 17 facilities.
This acquisition is considered an important milestone in CMC's growth strategy.
Following this and the anticipated acquisition of Foley Products Company, CMC expects to operate one of the largest precast concrete platforms in the United States.

6 days ago

Press Release

Commercial Metals Company Closes $2 Billion Senior Notes Offering

CMC

Debt Issuance

M&A

New Projects/Investments

Commercial Metals Company (CMC) has closed an offering of $2,000 million in senior notes, comprising $1,000 million of 5.75% Senior Notes due 2033 and $1,000 million of 6.00% Senior Notes due 2035.
The net proceeds from the offering are intended to fund the Foley Acquisition and associated fees and expenses, as well as for general corporate purposes.
The 2033 Notes will mature on November 15, 2033, and the 2035 Notes will mature on December 15, 2035.
Gross proceeds are held in an escrow account, and if the Foley Acquisition is not completed by October 15, 2026, CMC will be required to redeem all notes at 100% of the initial issue price plus accrued and unpaid interest.

Nov 26, 2025, 9:23 PM

8-K

Commercial Metals Company Closes $2,000 Million Senior Notes Offering

CMC

Debt Issuance

M&A

New Projects/Investments

Commercial Metals Company (CMC) closed an offering of $2,000 million in senior notes on November 26, 2025.
The offering includes $1,000 million of 5.75% Senior Notes due 2033 and $1,000 million of 6.00% Senior Notes due 2035, which are senior unsecured obligations.
CMC plans to use the net proceeds to fund the Foley Acquisition and related expenses, along with general corporate purposes.
Gross proceeds are held in an escrow account, and if the Foley Acquisition is not completed by October 15, 2026, CMC will be required to redeem all notes at 100% of the initial issue price plus accrued interest.

Nov 26, 2025, 9:15 PM

Press Release

Commercial Metals Company Prices $2,000 Million Senior Notes Offering

CMC

Debt Issuance

M&A

New Projects/Investments

Commercial Metals Company (CMC) priced an offering of $2,000 million in senior notes, comprising $1,000 million of 5.75% Senior Notes due 2033 and $1,000 million of 6.00% Senior Notes due 2035.
The proceeds from this debt issuance are primarily intended to fund the Foley Acquisition and related expenses, with the offering expected to close around November 26, 2025.
A key condition is that if the Foley Acquisition is not completed by October 15, 2026, CMC will be required to redeem all of the notes at 100% of their initial issue price plus accrued interest.

Nov 12, 2025, 11:30 PM

8-K

Commercial Metals Company Prices $2 Billion Senior Notes Offering

CMC

Debt Issuance

M&A

New Projects/Investments

Commercial Metals Company (CMC) has agreed to sell $1,000 million in 5.75% Senior Notes due 2033 and $1,000 million in 6.00% Senior Notes due 2035, totaling $2,000 million in aggregate principal amount.
The offering is expected to close around November 26, 2025, and the notes will be senior unsecured obligations.
CMC intends to use the net proceeds to fund the acquisition of Foley Products Company, LLC, cover transaction-related fees, and for general corporate purposes.
A special mandatory redemption clause requires CMC to redeem all notes at 100% of the initial issue price plus accrued interest if the Foley Acquisition is not completed by October 15, 2026, or if the acquisition agreement is terminated.

Nov 12, 2025, 11:00 PM

Press Release

Commercial Metals Company Announces Proposed $2 Billion Senior Notes Offering to Fund Foley Acquisition

CMC

Debt Issuance

M&A

New Projects/Investments

Commercial Metals Company (CMC) intends to offer $2,000 million in senior unsecured notes primarily to fund the acquisition of Foley Products Company, LLC and for general corporate purposes.
The acquisition of Foley, announced on October 16, 2025, is expected to close following regulatory review. Foley reported net sales of $327,035,654 and net income of $100,375,477 for the nine months ended September 30, 2025.
If the Foley Acquisition is not completed by October 15, 2026, CMC will be required to redeem all of the notes at 100% of the initial issue price plus accrued interest.
After giving effect to the offering and the Foley Acquisition, CMC's pro forma net leverage is estimated at 2.2 as of August 31, 2025.

Nov 12, 2025, 1:09 PM

8-K

Commercial Metals Company Announces Proposed Private Offering of Senior Notes

CMC

Debt Issuance

M&A

New Projects/Investments

Commercial Metals Company (CMC) intends to offer $2,000 million in aggregate principal amount of new senior unsecured notes.
The net proceeds from the sale of these Notes are intended to fund the previously announced acquisition of Foley Products Company, LLC, transaction-related fees and expenses, and for general corporate purposes.
The offering of the Notes is not conditioned upon the closing of the Foley Acquisition.
If the Foley Acquisition is not completed on or prior to October 15, 2026, CMC will be required to redeem all of the Notes at 100% of the initial issue price plus accrued and unpaid interest.

Nov 12, 2025, 12:58 PM

Press Release

Commercial Metals Company Amends Credit Agreement for $1.85 Billion Bridge Facility and Modifies Default Provisions

CMC

M&A

Debt Issuance

Legal Proceedings

Commercial Metals Company (CMC) entered into a Limited Consent and Second Amendment to its Sixth Amended and Restated Credit Agreement on October 31, 2025, to permit a 364-day bridge credit facility of up to $1.85 billion.
This $1.85 billion bridge facility is intended to finance transactions related to a Securities Purchase Agreement dated October 15, 2025, which involves CMC as a purchaser.
The amendment also modifies the Credit Agreement's event of default provisions, increasing the threshold for certain monetary judgments to $25,000,000 (or higher under specific conditions) before they constitute an event of default.
On October 31, 2025, CMC amended a Commitment Letter to eliminate a previously committed $600.0 million senior secured revolving credit facility (Backstop Facility), retaining only the $1.85 billion bridge facility.

Nov 5, 2025, 12:32 PM

8-K

Comstock Metals Receives Key Permit for Solar Panel Recycling Facility

CMC

New Projects/Investments

Product Launch

Comstock Metals, a subsidiary of Comstock Inc., has received notification of eligibility for a Written Determination Permit from the Nevada Division of Environmental Protection for its industry-scale solar panel recycling facility in Silver Springs, NV.
This approval keeps the company's scale-up plans on schedule, with commissioning of the facility designed to process over 3 million panels per year (up to 100,000 tons per year of waste materials) expected during the first quarter of 2026.
The company anticipates receiving a similar notification for the Air Quality control permit in the coming weeks, solidifying its position as a leading zero-landfill solution for end-of-life solar panels in the U.S..