Commercial Metals Company announced that it has commenced a cash tender offer to purchase for cash any and all of its outstanding 5.750% Senior Notes due 2026. The Tender Offer will expire at 12:00 midnight, New York City Time, at the end of the day on February 16, 2021, unless extended or earlier terminated by CMC. Tendered 2026 Notes may be withdrawn from the Tender Offer on or prior to, but not after, 5:00 p.m., New York City Time, on February 1, 2021 except as required by law. Under the terms of the Tender Offer, holders who validly tender their 2026 Notes at or prior to 5:00 p.m., New York City Time, on February 1, 2021 and do not withdraw their 2026 Notes will be eligible to receive the total consideration of $1,037.50 per $1,000 principal amount of 2026 Notes tendered and accepted for purchase, which includes the early participation payment of $30.00 per $1,000 principal amount of 2026 Notes tendered and accepted for purchase. Holders who validly tender their 2026 Notes after the Early Tender Time but at or prior to the Expiration Time will be entitled to receive the tender offer consideration equal to the Total Consideration less the Early Tender Payment. In addition to the Total Consideration or the Tender Offer Consideration, as applicable, holders of 2026 Notes that are accepted in the Tender Offer will receive accrued and unpaid interest from and including the last interest payment date, and up to, but not including, the applicable settlement date. The Tender Offer is contingent upon the satisfaction of certain conditions, including the condition that, prior to or on the Early Tender Time, CMC has consummated a financing transaction on terms and conditions satisfactory to CMC in its sole discretion. The Tender Offer is not conditioned upon a minimum amount of 2026 Notes being tendered. Subject to the satisfaction or waiver of certain conditions, CMC reserves the right, following the Early Tender Time, to accept for purchase prior to the Expiration Date all 2026 Notes validly tendered on or prior to the Early Tender Time and not validly withdrawn prior to the Withdrawal Deadline (an "Early Settlement Election"). CMC will announce whether it intends to exercise the Early Settlement Election following the Early Tender Time. If CMC exercises the Early Settlement Election, CMC currently expects the settlement date for 2026 Notes tendered at or prior to the Early Tender Time to be promptly after the exercise of the Early Settlement Election. The settlement date for 2026 Notes tendered after the Early Tender Time and at or prior to the Expiration Time, and accepted by CMC for purchase in the Tender Offer will occur promptly after the Expiration Time. Concurrently with the commencement of the Tender Offer, CMC issued a conditional notice of full redemption to holders of the 2026 Notes providing for the redemption of any and all 2026 Notes that remain outstanding after the completion of the Tender Offer. The redemption price for the 2026 Notes will be equal to 100.00% of the principal amount of the 2026 Notes redeemed plus a "make-whole" premium calculated as set forth in the 2026 Notes and the indenture governing the 2026 Notes, plus accrued and unpaid interest thereon, if any, to, but not including, the redemption date. The redemption is conditioned upon, among other things, the consummation of a financing transaction on terms and conditions satisfactory in all respects to CMC in its sole discretion. The redemption date is February 19, 2021. The Tender Offer is being made pursuant to an Offer to Purchase dated January 19, 2021, which more fully sets forth the terms and conditions of the Tender Offer. Holders are urged to read the Offer to Purchase carefully before making any decision with respect to the Tender Offer.