Commercial Metals Company Announces Pricing Of Tax-Exempt Bond Financing With Proceeds Of $150.0 Million

Commercial Metals Company (NYSE: CMC) ("CMC") announced today the pricing of $145.1 million in original aggregate principal amount of Exempt Facilities Revenue Bonds (Commercial Metals Company Project), Series 2022 (the "Bonds"), to be issued by the Industrial Development Authority of the County of Maricopa (the "MCIDA"). The Bonds were priced to yield 3.5%, and the sale of the Bonds is expected to provide proceeds of $150.0 million. CMC intends to borrow proceeds from the sale of the Bonds from the MCIDA pursuant to a loan agreement and use such proceeds to finance a portion of the costs of the construction of CMC's previously announced second steel micro mill in Mesa, Arizona. The Bonds will bear interest at 4.0% per annum and mature in 2047.