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