Business Context and Reporting Period
Company: Commercial Metals Company
Filing Type: Form 8-K (Current Report)
Date of Report: April 21, 2005
Event Date: April 20, 2005
Context: The Company entered into a material definitive agreement regarding its receivables financing facility.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt levels, or liquidity metrics. The document focuses exclusively on a contractual amendment to a financing agreement.
Material Changes
- Agreement: Amendment to the Amended and Restated Receivables Purchase Agreement (RPA) dated April 22, 2004.
- Parties: CMC Receivables Inc., Commercial Metals Company, Three Rivers Funding Corporation, Liberty Street Funding Corp., The Bank of Nova Scotia, and Mellon Bank, N.A.
- Change: The "Commitment Termination Date" was extended from April 20, 2005, to April 14, 2006.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. No specific risks or contingencies are discussed beyond the execution of the amendment to extend the financing commitment.
Investor Verification Checklist
- Verify the terms of the amended Receivables Purchase Agreement (Exhibit 10.1) for any changes to interest rates, fees, or covenants not explicitly detailed in the summary.
- Confirm the total outstanding balance under the RPA to assess the impact of the one-year extension on future liquidity.
- Review the original RPA filed in the Form 10-Q for the quarter ended May 31, 2004, to understand the baseline terms prior to this amendment.