Item 8.01 Other Events.
Completion of Redemption of and Tender Offer for 2026 Notes
On February 19, 2021, Commercial Metals Company issued a press release
announcing the completion of the redemption of all of its outstanding 5.750%
Senior Notes due 2026 (the "2026 Notes") following the expiration of its cash
tender offer (the "Tender Offer") to purchase any and all of the 2026 Notes.
Following the expiration of the Tender Offer, there was a total of approximately
$272.2 million in aggregate principal of 2026 Notes outstanding that were
redeemed on February 19, 2021 for an aggregate cash redemption price of
approximately $287.5 million, including accrued and unpaid interest.
In addition, as of 12:00 midnight, New York City Time, February 16, 2021 (the
"Expiration Time"), $66,000 in aggregate principal of 2026 Notes were tendered.
These notes were repurchased on February 18, 2021 for $67,792 and brought the
total aggregate principal of 2026 Notes tendered and repurchased in the Tender
Offer to approximately $77.8 million, including amounts tendered by the early
tender time, which were previously settled on February 3, 2021.
A copy of the press release is filed as Exhibit 99.1 to this Current Report on
Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description
99.1 Press Release issued by Commercial Metals Company on February 19,
2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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