Business Context and Reporting Period
Company: Commercial Metals Company
Filing Type: Form 8-K (Current Report)
Date of Report: July 29, 2016
Event: Entry into a Material Definitive Agreement (Amendment No. 5 to Receivables Purchase Agreement).
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity figures. The document focuses exclusively on the terms of a specific contractual amendment.
Material Changes
- Agreement Extension: The Company entered into Amendment No. 5 to its Receivables Purchase Agreement, originally dated April 5, 2011.
- Termination Date: The termination date of the Agreement was extended from August 15, 2017, to August 15, 2019.
- Parties Involved: Commercial Metals Company, CMC Receivables, Inc. (wholly-owned subsidiary), certain purchasers, and Wells Fargo Bank, N.A. (administrative agent).
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It strictly reports the execution of the amendment and incorporates the full text of the agreement by reference as Exhibit 10.1.
Investor Verification Checklist
- Review Exhibit 10.1 (Amendment No. 5) for specific terms, fees, or covenants not detailed in the summary.
- Verify the impact of the extended termination date on the Company's liquidity and financing strategy.
- Confirm the status of the underlying Receivables Purchase Agreement and any prior amendments.