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CMC announces offering, tender

Keywords: Tags  CMC, steel

NEW YORK — Commercial Metals Co. (CMC) intends to offer $300 million of senior notes in an underwritten public offering, the Irving, Texas-based steelmaker said May 6.

CMC said it will use the net proceeds from the offering to fund the repurchase of any and all of the $200 million outstanding of its 5.625-percent senior notes due 2013. The cash tender offer for the notes will expire June 3, it said.

The steelmaker said it intends to use the remainder of the net proceeds from the offering for general corporate purposes.

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