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Article: Commercial Metals Company Expands Commercial Paper Program to $200 Million.
- Article from:
- PR Newswire
- Article date:
- July 17, 2000
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DALLAS, July 17 /PRNewswire/ --
Commercial Metals Company (NYSE: CMC) announced today the completion of a $100 million credit agreement as backup for an expansion of its commercial paper program to $200 million. The Company's commercial paper is rated A-2,
P-2 and F-2 by Standard & Poor's Ratings Group, Moody's Investors Service, Inc. and Fitch Inc., respectively.
The $100 million credit facility is a 364 day revolving credit agreement. Bank of America, N.A. is agent and a participant along with HSBC Bank USA, Mellon Bank, N.A. and Bank One, N.A. Banc of America Securities LLC served as lead arranger.
The company markets its commercial ...