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Commercial Metals Company Announces Pricing Of $330 Million Senior Notes Offering

IRVING, Texas, May 8, 2013 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) announced today that it has agreed to sell $330.0 million aggregate principal amount of 4.875% Senior Notes due 2023 in an underwritten public offering, which is being made under its effective shelf registration statement on file with the U.S. Securities and Exchange Commission.  The aggregate principal amount of notes to be issued in the offering has been increased from $300 million to $330 million.  The offering is expected to close on or about May 20, 2013, subject to customary closing conditions. 

CMC intends to use the net proceeds from the offering to fund the repurchase of any and all of the $200 million aggregate principal amount outstanding of its 5.625% Senior Notes due 2013 (the "2013 Notes") in its previously announced cash tender offer and consent solicitation and to redeem any remaining 2013 Notes that are not tendered following the expiration of the tender offer and consent solicitation, in each case together with accrued interest, any applicable premium payments and related expenses.  CMC intends to use the remainder of the net proceeds from the offering for general corporate purposes.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering, and PNC Capital Markets LLC and Scotia Capital ( USA) Inc. are acting as co-managers for the offering.

The offering may be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by visiting EDGAR on the SEC's website at www.sec.gov, by contacting Citigroup at the following address: Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, or by telephone at 1-877-858-5407 (toll-free) or by e-mail at batprospectusdept@citi.com, or by contacting Deutsche Bank Securities Inc. at the following address: 60 Wall Street, New York, NY 10005-2836, Attention: Prospectus Group or by telephone at 1-800-503-4611 (toll-free) or by email at prospectus.CPDG@db.com. 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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