Commercial metals company announces closing of tax-exempt bond financing with proceeds of $150.0 million

Irving, texas, feb. 22, 2022 /prnewswire/ -- 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.
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