Commercial Metals amends credit agreement to permit $1.85 billion bridge facility
Commercial Metals signed a Limited Consent and Second Amendment to its Credit Agreement on October 31, 2025, which permits a proposed $1.85 billion 364-day bridge facility and changes how certain monetary judgments are treated under the agreement's default provisions. The company also amended its October 15, 2025 commitment letter to remove a $600.0 million backstop facility, and the filing does not state the reason for these changes.
Key points
- Second Amendment dated October 31, 2025 permits the bridge facility and waives conflicting credit agreement terms
- Bridge Facility is a 364-day senior unsecured facility of up to $1.85 billion, per the October 15, 2025 commitment letter
- $600.0 million backstop facility was eliminated from the commitment letter on October 31, 2025
- Certain monetary judgments will no longer constitute an event of default; the $600.0 million revolving credit facility otherwise remains under the agreement
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.