Obbligazione Commerce Metals 7.35% ( US201723AJ25 ) in USD

Emittente Commerce Metals
Prezzo di mercato 100 USD  ⇌ 
Paese  Stati Uniti
Codice isin  US201723AJ25 ( in USD )
Tasso d'interesse 7.35% per anno ( pagato 2 volte l'anno)
Scadenza 15/08/2018 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Commercial Metals US201723AJ25 in USD 7.35%, scaduta


Importo minimo 2 000 USD
Importo totale 500 000 000 USD
Cusip 201723AJ2
Standard & Poor's ( S&P ) rating BB+ ( Non-investment grade speculative )
Moody's rating Ba2 ( Non-investment grade speculative )
Descrizione dettagliata Commercial Metals Company (CMC) è un'azienda produttrice e distributrice di acciaio e prodotti in acciaio, operante a livello internazionale con una vasta gamma di prodotti e servizi per i settori delle costruzioni, dell'energia e dell'industria.

The Obbligazione issued by Commerce Metals ( United States ) , in USD, with the ISIN code US201723AJ25, pays a coupon of 7.35% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 15/08/2018

The Obbligazione issued by Commerce Metals ( United States ) , in USD, with the ISIN code US201723AJ25, was rated Ba2 ( Non-investment grade speculative ) by Moody's credit rating agency.

The Obbligazione issued by Commerce Metals ( United States ) , in USD, with the ISIN code US201723AJ25, was rated BB+ ( Non-investment grade speculative ) by Standard & Poor's ( S&P ) credit rating agency.







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424B2 1 d58420b2e424b2.htm PROSPECTUS SUPPLEMENT
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Filed Pursuant to Rule 424(b)(2)
A filing fee of $19,650, calculated in accordance
with Rule 457(r), has been transmitted to the SEC
in connection with the securities offered from the
registration statement (File No. 333-144500)
by means of this prospectus supplement.
Prospectus Supplement
July 30, 2008
(To Prospectus dated July 12, 2007)

$500,000,000


Commercial Metals Company

7.35% Notes due 2018

The Notes will mature on August 15, 2018 (the "Notes"). The Notes will bear interest at a rate of 7.35% per
year. Interest on the Notes will be paid on February 15 and August 15 of each year, beginning February 15,
2009.

At our option, we may redeem some or all of the Notes at any time at the redemption price described in
"Description of the Notes -- Optional Redemption."

Upon the occurrence of a change of control triggering event, we will be required to make an offer to repurchase
all outstanding Notes at a price in cash equal to 101% of the principal amount of the Notes, plus any accrued and
unpaid interest to, but not including, the purchase date. See "Description of the Notes -- Change of Control
Offer."

The Notes will be unsecured and will rank equally with all of our unsubordinated indebtedness from time to time
outstanding but will be effectively subordinated to our secured indebtedness to the extent of the collateral
securing that indebtedness.

Investing in the Notes involves risks. See "Risk Factors" beginning on page S-6 of this
prospectus supplement.

Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement or
the accompanying prospectus. Any representation to the contrary is a criminal offense.









Per Note

Total

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Public Offering Price(1)

99.828 %
$ 499,140,000
Underwriting Discount

0.650 %
$ 3,250,000
Proceeds, Before Expenses, to the Company(1)

99.178 %
$ 495,890,000


(1) Plus accrued interest, if any, from August 4, 2008, if settlement occurs after that date.

The Notes will not be listed on any securities exchange or quoted on any automated dealer quotation system.
Currently there is no public market for the Notes.

We expect to deliver the Notes to investors in registered book-entry form through the facilities of The
Depository Trust Company and its participants, on or about August 4, 2008.

Joint Book-Running Managers

Banc of America Securities LLC
JPMorgan

Co-Managers






BMO Capital Markets Fortis Securities LLC Lazard Capital Markets
BNP PARIBAS
RBS Greenwich Capital
Scotia Capital
Citi
HSBC
Wells Fargo


Securities
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You should rely only on the information contained or incorporated by reference in this prospectus
supplement and the accompanying prospectus. We have not authorized anyone to provide you with different
information. If anyone provides you with different or inconsistent information, you should not rely on it. We
are not making an offer of these securities in any state where the offer is not permitted. You should not
assume that the information contained in or incorporated by reference in this prospectus supplement or the
accompanying prospectus is accurate as of any date other than the date on the front of this prospectus
supplement.

TABLE OF CONTENTS

Prospectus Supplement




Page

Summary
S-1
Risk Factors
S-6
S-
Forward-Looking Statements

10
S-
Use of Proceeds

11
S-
Capitalization

12
S-
Ratio of Earnings to Fixed Charges

12
S-
Description of the Notes

14
S-
Material U.S. Federal Income Tax Considerations

21
S-
Underwriting

25
S-
Legal Matters

26
S-
Experts

26
S-
Where You Can Find More Information

26
S-
Incorporation by Reference

27





Prospectus
About This Prospectus
1
About the Registrant
1
Risk Factors
1
Forward-Looking Statements
1
Use of Proceeds
2
Ratio of Earnings to Fixed Charges
2
Description of Debt Securities
3
Taxation
14
Plan of Distribution
14
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Legal Matters
17
Experts
17
Where You Can Find More Information
17
Incorporation by Reference
17

S-i
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Table of Contents

SUMMARY

This summary highlights information contained elsewhere or incorporated by reference in this
prospectus supplement and the accompanying prospectus. This is not intended to be a complete
description of the matters covered in this prospectus supplement and the accompanying prospectus and
is subject, and qualified in its entirety by reference, to the more detailed information and financial
statements (including the notes thereto) included or incorporated by reference in this prospectus
supplement and the accompanying prospectus. Unless otherwise indicated, all references to
"Commercial Metals Company," the "Company," "we," "us" and "our" refer to Commercial Metals
Company and its consolidated subsidiaries.

The Company

General

We manufacture, recycle, market and distribute steel and metal products and related materials and
services through a network of locations located throughout the United States and internationally. We
consider our business to be organized into five segments: Americas Recycling, Americas Mills,
Americas Fabrication and Distribution, International Mills and International Fabrication and
Distribution.

We were incorporated in 1946 in the State of Delaware. Our predecessor company, a metals recycling
business, has existed since approximately 1915. We maintain our executive offices at 6565 MacArthur
Boulevard in Irving, Texas, telephone number (214) 689-4300.

Recent Developments

On September 19, 2007, the Company acquired all of the outstanding shares of Valjaonica Cijevi Sisak
("VCS") from the Croatian Privatization Fund and Croatian government. VCS's name has been
changed to CMC Sisak d.o.o. ("CMC Sisak"). CMC Sisak is an electric arc furnace based steel pipe
manufacturer located in Sisak, Croatia with annual capacity estimated at 300,000 metric tons. The
acquisition will expand the Company's production capacity into pipe, tubular and other products in the
key markets of Central and Eastern Europe.

On September 19, 2007, the Company completed the acquisition of substantially all of the operating
assets of Economy Steel, Inc. of Las Vegas, Nevada. Established in 1980, Economy Steel, Inc. is a
rebar fabricator, placer, construction-related products supplier and steel service center. The acquired
assets operate under the new name of CMC Economy Steel and are part of the Americas Fabrication
and Distribution segment.

On December 31, 2007, the Company acquired a 70% interest in a newly incorporated business, CMC
Albedo Metals, which acquired an existing metals recycling business in Singapore. On April 16, 2008,
the Company acquired the remaining 30% interest in CMC Albedo Metals.

On April 29, 2008, the Company completed the acquisition of substantially all of the operating assets of
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Rebar Service & Supply Co. of Fort Worth, Texas. The acquired assets will operate under the new
name of CMC Rebar, as part of the Americas Fabrication and Distribution segment. This operation will
allow us to expand our presence in the North Texas market.

On June 5, 2008, the Company's subsidiary, CMC Poland, completed the acquisition of substantially all
of the outstanding shares of PHP Nike S.A. ("PHP Nike"). PHP Nike is a leading producer of welded
steel meshes, cold rolled wire rod and cold rolled rebar in Poland with annual production capacity of
90,000 metric tons.

On July 1, 2008, the Company completed the acquisition of substantially all of the operating assets of
each of ABC Coating Company of Texas, Inc. of Waxahachie, Texas; ABC Coating Co., Inc. of
Brighton Colorado; Banner Rebar, Inc. of Denver, Colorado; Toltec Steel Services, Inc. of Kankakee,
Illinois; and Texas-based Rebar Trucking, Inc. as well as the acquisition of the 50% partnership interest
in ABC Coating Co., Inc. of North Carolina, a joint venture between TexEastern Rebar Coating, Inc.
and the Company in

S-1
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Gastonia, North Carolina (collectively, "ABC Coating"). ABC Coating is primarily involved in rebar
fabrication and epoxy coated reinforcing bar servicing in the Southwest, Midwest and Southeast United
States with an annual capacity of 150,000 short tons.

On July 15, 2008, the Company announced that it has entered into a definitive agreement to purchase
substantially all of the operating assets of Reinforcing Post-Tensioning Services, Inc., Regional Steel
Corporation, and RPS Cable Corporation based in Claremont, California (collectively, "RPS"). RPS is a
fabricator and installer of concrete reinforcing steel, post-tensioning cable and related products for
commercial and public construction projects with facilities in Fontana and Tracy, California, and Las
Vegas, Nevada with annual capacity of approximately 150,000 tons. Completion of the acquisition is
contingent upon regulatory approval and satisfaction of other closing conditions, which are expected to
be finalized within 60 days. At closing, the acquired assets will operate as part of the Americas
Fabrication and Distribution segment. We intend to use a portion of the proceeds of this offering of
Notes to pay the purchase price for the planned acquisition of the assets of RPS. See "Use of Proceeds."

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The Offering

Issuer
Commercial Metals Company.

Securities Offered
$500 million aggregate principal amount of Notes due 2018.

Maturity
August 15, 2018.

Interest
Interest on the Notes will accrue at the rate of 7.35% per year
and will be payable in cash in arrears on February 15 and August
15 of each year, beginning on February 15, 2009.

Ranking
The Notes will rank equally in right of payment with all of our
unsubordinated indebtedness from time to time outstanding but
will be effectively subordinated to any secured indebtedness
(approximately $11 million as of May 31, 2008) to the extent of
the collateral securing that indebtedness.

Further Issuances
We may at our option and with the consent of the existing
holders of the Notes issue additional debt securities having the
same terms as the Notes offered hereby. Such debt securities will
be treated as part of the same series as the Notes under the
indenture governing the terms of the Notes.

Sinking Fund
None.

Optional Redemption
At our option, we may redeem some or all of the Notes at any
time at the redemption price described in "Description of the
Notes -- Optional Redemption."

Change of Control Offer
Upon the occurrence of a change of control triggering event, we
will be required to make an offer to repurchase all outstanding
Notes at a price in cash equal to 101% of the principal amount of
the Notes, plus any accrued and unpaid interest to, but not
including, the purchase date. See "Description of the Notes --
Change of Control Offer."

Use of Proceeds
The net proceeds from this offering, after deducting underwriting
discounts and expenses of the offering, are estimated to be
approximately $495 million. We intend to use the net proceeds
from this offering (i) to repay our 6.75% notes that are due
February 15, 2009, (ii) to repay commercial paper, (iii) to fund
the purchase price for the planned acquisition of the assets of
RPS and (iv) for general corporate purposes, which may include
acquisitions. See "Use of Proceeds."

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