Commercial Metals Plans $150 Million Tax-Exempt Bond Financing for West Virginia Solid Waste Facility

MT Newswires Live

04/25

Commercial Metals (CMC) said Friday that it plans to launch a $150 million tax-exempt bond financing to help fund the construction and equipping of solid waste disposal facilities in Berkeley County, West Virginia.

The company said the project is expected to cost between $550 million and $600 million, with $75 million in government assistance.

Additionally, the company said the construction will be eligible for a $80 million tax credit under the Inflation Reduction Act.

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