Commercial Metals Company (NYSE: CMC) boosts revolver to $1.0 billion

Rhea-AI Filing Summary

Commercial Metals Company increased the borrowing capacity of its revolving credit facility under its Sixth Amended and Restated Credit Agreement from $600.0 million to $1.0 billion and extended the facility’s maturity from October 26, 2029 to December 17, 2030.

The Third Amendment, dated December 17, 2025, also allows the company, subject to certain conditions, to request additional increases in the revolver and/or the establishment of one or more new term loan commitments in a combined amount not exceeding $250.0 million, while all other credit agreement terms remain the same.

Insights

Credit markets analyst

CMC secured a larger, longer-dated revolving credit line with expansion options.

Commercial Metals Company amended its Sixth Amended and Restated Credit Agreement to expand its revolving credit facility from $600.0 million to $1.0 billion. The maturity of this facility was extended from October 26, 2029 to December 17, 2030, providing a longer committed liquidity backstop from its lending group.

The Third Amendment, dated December 17, 2025, also permits the company, subject to certain conditions, to request up to an additional $250.0 million in aggregate through further revolver increases and/or new term loan commitments. Other terms of the credit agreement remain unchanged, so the economic and covenant framework appears consistent while overall committed capacity has been increased. The practical effect will depend on how much of this committed capacity the company chooses to draw over time.

8-K Event Classification

4 items: 1.01, 2.03, 7.01, 9.01

4 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

COMMERCIAL METALS Co false 0000022444 0000022444 2025-12-17 2025-12-17

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): December 17, 2025

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		NYSE

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.

As previously disclosed, Commercial Metals Company (the “Company”) is party to the Sixth Amended and Restated Credit Agreement (as amended from time to time, the “Credit Agreement”), dated as of October 26, 2022, by and among the Company, certain of the Company’s subsidiaries as guarantors, Bank of America, N.A., as Administrative Agent (the “Administrative Agent”), Swing Line Lender and an L/C Issuer, Citibank, N.A., PNC Bank, National Association, and Wells Fargo Bank, National Association (“Wells Fargo”) as Co-Syndication Agents, the lenders from time to time party thereto, and BofA Securities, Inc., Citibank, N.A., PNC Capital Markets LLC and Wells Fargo, as Joint Lead Arrangers and Joint Book Runners. The Credit Agreement originally 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, which was subsequently extended to October 26, 2029.

On December 17, 2025, the Company entered into the Third Amendment and Commitment Increase to the Credit Agreement (the “Third Amendment”), by and among the Company, the guarantors party thereto, the lenders party thereto and the Administrative Agent. The Third Amendment (i) increases the borrowing capacity under the Revolving Credit Facility from $600.0 million to $1.0 billion, (ii) extends the maturity date of the Revolving Credit Facility from October 26, 2029 to December 17, 2030 and (iii) allows the Company to request, from time to time and subject to certain conditions, an increase in the Revolving Credit Facility and/or the establishment of one or more new term loan commitments in an amount (for all such requests in the aggregate) not exceeding $250.0 million.

Except as modified by the Third Amendment, the terms of the Credit Agreement remain the same.

The lenders that are parties to the Credit Agreement and their respective affiliates are full-service financial institutions engaged in various activities, which may include sales and trading, commercial and investment banking, advisory, investment management, investment research, principal investment, hedging, market making, brokerage, and other financial and non-financial activities and services. Certain of these financial institutions and their respective affiliates have provided, and may in the future provide, certain of these services to the Company and its subsidiaries and to persons and entities with relationships with the Company and its subsidiaries, for which they received or will receive customary fees and expenses.

The foregoing description of the Third 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 Third 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 7.01 Regulation FD Disclosure.

On December 17, 2025, the Company issued a press release announcing the Third Amendment, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities under that section and is not incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

10.1*		Third Amendment and Commitment Increase to Sixth Amended and Restated Credit Agreement, dated December 17, 2025, by and among Commercial Metals Company, the guarantors party thereto, the lenders party thereto and Bank of America, N.A., as Administrative Agent.
99.1		Press Release issued by Commercial Metals Company on December 17, 2025.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish to the Securities and Exchange Commission a copy of any omitted schedule or exhibit upon request.

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: December 17, 2025				By:		/s/ Paul J. Lawrence
				Name:		Paul J. Lawrence
				Title:		Senior Vice President and Chief Financial Officer

FAQ

What change did Commercial Metals Company (CMC) make to its credit facility?

Commercial Metals Company entered into a Third Amendment to its Sixth Amended and Restated Credit Agreement that increases the revolving credit facility from $600.0 million to $1.0 billion and extends its maturity.

How large is CMCs revolving credit facility after the amendment?

After the Third Amendment, the companys revolving credit facility has a borrowing capacity of $1.0 billion, up from the prior $600.0 million.

When does Commercial Metals Companys revolving credit facility now mature?

The amendment extends the maturity date of the revolving credit facility from October 26, 2029 to December 17, 2030.

What additional borrowing flexibility did CMC gain from this Third Amendment?

The Third Amendment allows the company, subject to certain conditions, to request increases to the revolver and/or one or more new term loan commitments in a combined amount not exceeding $250.0 million.

Did the Third Amendment change other terms of CMCs credit agreement?

Other than the changes described in the Third Amendment, the existing terms of the Sixth Amended and Restated Credit Agreement remain the same.

Who is the administrative agent under Commercial Metals Companys credit agreement?

Bank of America, N.A. serves as Administrative Agent, Swing Line Lender and an L/C Issuer under the credit agreement.