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8-KThe WireStrategic

Material Agreement · New Debt / Obligation

Filed Oct 31, 2024 · 1y ago · Accession 0001193125-24-248729

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549     FORM 8-K     CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): October 30, 2024     Commercial Metals Company (Exact Name of Registrant as Specified in Charter)     Delaware (State or Other Jurisdiction of Incorporation)   1-4304   75-0725338 (Commission File Number)   (IRS Employer Identification No.)   6565 N. MacArthur Blvd. Irving , Texas   75039 (Address of Principal Executive Offices)   (Zip Code) (214) 689-4300 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered Common Stock, $0.01 par value   CMC   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01 Entry into a Material Definitive Agreement. On October 30, 2024, Commercial Metals Company (the “ Company ”) entered into the First Amendment to the Sixth Amended and Restated Credit Agreement (the “ Amendment ”), by and among the Company, certain subsidiaries of the Company as guarantors, Bank of America, N.A., as Administrative Agent (the “ Administrative Agent ”), Swing Line Lender and an L/C Issuer, and the banks listed as lenders on the signature pages thereto. As previously disclosed, the Sixth Amended and Restated Credit Agreement (the “ Credit Agreement ”), dated as of October 26, 2022, by and among the Company, CMC International Finance, a soci é t é à responsabilit é limit é e (a wholly owned subsidiary of the Company), the Administrative Agent, Swing Line Lender and an L/C Issuer, Wells Fargo Bank, National Association (“ Wells Fargo ”), Citibank, N.A. and PNC Bank, National Association as Co-Syndication Agents, the lenders from time to time party thereto, and BofA Securities, Inc., Wells Fargo, PNC Capital Markets LLC and Citibank, N.A. as Joint Lead Arrangers and Joint Book Runners, provided for (i) a revolving credit facility in the aggregate principal amount of $600.0 million (the “ Revolving Credit Facility ”) and (ii) an October 26, 2027 maturity date for the Revolving Credit Facility. The Amendment, among other things, extended the maturity date for the Revolving Credit Facility from October 26, 2027 to October 26, 2029. The foregoing description of the Amendment is a summary only, does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 1.01.   Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.   Item 9.01 Financial Statements and Exhibits.   (d)    Exhibits 10.1    First Amendment to the Sixth Amended and Restated Credit Agreement, dated October 30, 2024, by and among Commercial Metals Company, certain subsidiaries of Commercial Metals Company as guarantors, the lenders party thereto and Bank of America, N.A., as Administrative Agent 104    Cover Page Interactive Data File (embedded within the Inline XBRL document)   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.       COMMERCIAL METALS COMPANY Date: October 31, 2024     By:   /s/ Paul J. Lawrence     Name:   Paul J. Lawrence     Title:   Senior Vice President and Chief Financial Officer
Filing details
Ticker
CMC
CIK
22444
Form type
8-K
Filing date
Oct 31, 2024
Report date
Oct 30, 2024
Document
d846823d8k.htm
Size
211 KB