Commercial Metals Company (NYSE:CMC) Files An 8-K Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet ArrangementItem 2.04. Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
On July28, 2017, Commercial Metals Company (the “Company”) provided notice to The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”) to the Indenture, dated as of July31, 1995, between the Company and the Trustee, as successor to JPMorgan Chase Bank, as supplemented by the Supplemental Indenture, dated as of August4, 2008, between the Company and the Trustee, of the Company’s election to redeem, on August31, 2017 (the “Redemption Date”), all of the Company’s 7.35% Senior Notes due 2018 (the “2018 Notes”) that remain outstanding following the consummation of the Company’s previously announced cash tender offer (the “Tender Offer”) for up to $300.0 million aggregate purchase price of 2018 Notes, which expired on July24, 2017, at a redemption price of 50% of the face amount of the 2018 Notes, plus a make-whole premium and accrued and unpaid interest to the Redemption Date. Following the expiration of the Tender Offer, approximately $235.0 million in aggregate principal amount of 2018 Notes remain outstanding. A copy of the Notice of Redemption, dated July28, 2017, delivered by the Trustee at the Company’s request to the remaining holders of 2018 Notes is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Section8 – Other Events
Item 2.04. Other Events.
On July28, 2017, the Company issued a press release announcing the redemption of the 2018 Notes. A copy of the press release is filed as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
Section9 – Financial Statements and Exhibits
Item 2.04. Financial Statements and Exhibits.
|
ExhibitNo. |
Description |
| 99.1 | Notice of Redemption to the Holders of 7.35% Senior Notes Due 2018 dated July 28, 2017. |
| 99.2 | Press Release issued by Commercial Metals Company on July 28, 2017. |
COMMERCIAL METALS CO ExhibitEX-99.1 2 d433135dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 NOTICE OF REDEMPTION TO THE HOLDERS OF 7.35% SENIOR NOTES DUE 2018 OF COMMERCIAL METALS COMPANY CUSIP NUMBER 201723 AJ2 JULY 28,…To view the full exhibit click here
About Commercial Metals Company (NYSE:CMC)
Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds. Its Americas Fabrication segment consists of its steel fabrication facilities that bend, weld, cut and fabricate steel, primarily rebar. Its International Mill segment consists of its mill, recycling and fabrication operations located in Poland. Its International Marketing and Distribution segment includes international operations for the sales, distribution and processing of primary and secondary metals, fabricated metals, semi-finished, long and flat steel products, and other industrial products.
