Commercial Metals Company Enters into A Fifth Amended and Restated Credit Agreement with Bank of America, N.A
April 06, 2021 at 07:31 am EDT
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On March 31, 2021, Commercial Metals Company and CMC International Finance entered into a Fifth Amended and Restated Credit Agreement with Bank of America, N.A., as Administrative Agent, Swing Line Lender and a L/C Issuer, Wells Fargo Bank, National Association, Citibank, N.A. and PNC Bank, National Association as Co-Syndication Agents, the lenders from time to time party thereto, and BOFA Securities Inc., Wells Fargo Bank, National Association, PNC Bank, National Association and Citibank, N.A. as Joint Lead Arrangers and Joint Book Runners. The Credit Agreement amends the terms of the Company’s previous credit agreement to, among other things, (i) provide for a revolving credit facility of $400.0 million and (ii) extend the maturity date to March 31, 2026.
Commercial Metals Company is engaged in offering products and technologies for the global construction sector through manufacturing network principally located in the United States and Central Europe. The Companyâs solutions support construction across a variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission. Its segments include North America and Europe. The North America segment provides a diverse offering of products and solutions to support the construction sector composed primarily of a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Companyâs 43 scrap metal recycling facilities, primarily located in the southeast and central United States process ferrous and nonferrous scrap metals. The Europe segment is composed primarily of a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
COMMERCIAL METALS COMPANY 
