Commercial Metals Company Secures $1.85 Billion Bridge Facility in Amended Financing Agreement
Commercial Metals Company has amended its existing credit agreement with a consortium of financial institutions, including Bank of America, N.A., Citibank, N.A., PNC Bank, and Wells Fargo, among others. The original agreement, dated October 26, 2022, provided a $600 million revolving credit facility. Under a recently updated commitment letter, Bank of America and Citigroup Global Markets Inc. have agreed to provide Commercial Metals Company with a 364-day senior unsecured bridge facility of up to $1.85 billion. The commitment letter was amended on October 31, 2025, to eliminate a previously included $600 million senior secured revolving backstop facility. The terms of the credit agreement otherwise remain unchanged following the latest amendment.
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