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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.