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AI brief of an SEC Form 8-K · Commercial Metals (CMC)

CMC closes $2 billion senior notes offering to fund Foley Products acquisition

Neutral Impact 4 of 5 financing Written later

Commercial Metals Company (CMC) closed a private placement of $2 billion in senior unsecured notes on November 26, 2025, consisting of $1 billion of 5.75% notes due 2033 and $1 billion of 6.00% notes due 2035. The company plans to use the proceeds to fund the purchase price of its previously announced Foley Products acquisition, with the gross proceeds held in escrow until that deal closes. Shareholders should note that the company must redeem the notes if the Foley Acquisition is not completed by October 15, 2026, or if its purchase agreement is terminated earlier.

Key points

  • $1 billion of 5.75% senior notes due November 15, 2033, with interest payable semiannually starting May 15, 2026
  • $1 billion of 6.00% senior notes due December 15, 2035, with interest payable semiannually starting June 15, 2026
  • Gross proceeds are in escrow pending the Foley Acquisition; redemption at 100% of issue price plus accrued interest is required if it is not completed by October 15, 2026
  • The notes are senior unsecured obligations, and none of the company's subsidiaries guarantee them

The filing

CompanyCommercial Metals (CMC)
Form8-K, current report
Filed with the SECNov 26, 2025, 4:23 PM ET
Accession number0001193125-25-300555

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 26, 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.