Commercial Metals Company Enters Two Year Sale of Accounts Receivables Facility

Commercial Metals Company headquartered in Irving, Texas, announced today that it and several of its subsidiaries have entered into a facility with Wells Fargo Bank, N.A to provide for a two year sale of accounts receivables. This new facility, which replaces the accounts receivable securitization program that expired in January 2011, is a two-year program which currently provides committed funding to $100 million and includes the flexibility to increase the funding amount.

The facility provides a source of liquidity for the company that is additional to the existing $400 million commercial paper program and committed Credit Agreement.

Murray R. McClean, CMC’s Chairman and Chief Executive Officer commented, “This new agreement reflects our continued efforts to ensure that CMC has sufficient liquidity with financial flexibility. This facility will provide added financial support for our planned growth, both organic and through future investments.”

Commercial Metals Company and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including steel minimills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, metal recycling facilities and marketing and distribution offices in the United States and in strategic international markets.