Commercial Metals to redeem all $300 million 5 3/8% notes due 2027

By Wendy Van Sickle

Columbus, Ohio, Jan. 13 – Commercial Metals Co. issued a conditional redemption notice for all of its outstanding $300 million 5 3/8% notes due 2027, according to a news release.

The redemption will take place on Feb. 15 at par plus a make-whole amount plus accrued interest.

The redemption is conditioned on the company’s issuance of at least $600 million of new notes.

U.S. Bank, NA is the trustee.

Commercial Metals manufactures, recycles and markets steel and metal products as well as related materials and services and is based in Irving, Tex.

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