| Purpose: NOTICE OF PUBLIC HEARING $150,000,000 West Virginia Economic Development Authority Solid Waste Disposal Facilities Revenue Bonds (Commercial Metals Company Project) Series 2025 Notice is hereby given of a public hearing to be held on behalf of the West Virginia Economic Development Authority (the Authority), on Thursday, March 20, 2025, at 9:30 a.m., at 180 Association Drive, Charleston, WV 25311, with respect to the issuance from time to time as a plan of finance of one or more series of bonds (the Bonds) in an aggregate principal amount not to exceed $150,000,000 by the Authority. Proceeds of the Bonds will be loaned to Commercial Metals Company, Inc. (the Company), a Delaware corporation, or an affiliate thereof or related person thereto (the Borrower), to finance the costs of design, acquisition, construction, improvement, installation, reconstruction, and equipping of a solid waste disposal facility and pay related financing costs with respect to solid waste disposal facilities within the meaning of Section 142(a)(6) of the Internal Revenue Code of 1986, as amended, located generally at 447 Dupont Road, Martinsburg, Berkeley County, West Virginia and comprised of a steel micro mill for the manufacturing of concrete reinforcing steel (rebar) produced exclusively from recycled ferrous materials (together, the Project). The Project will include one or more buildings totaling approximately 477,000 square feet of manufacturing area and approximately 19,000 square feet of administrative space associated with the manufacturing operations. The initial owner or operator of the Project will be CMC Steel US, LLC, a wholly owned subsidiary of the Company. The Bonds shall not constitute an indebtedness of the Authority but shall be limited obligations of the Authority, payable solely from loan repayment proceeds or other revenues to be derived pursuant to a loan agreement to be entered into between the Authority and the Borrower. Neither the Bonds nor the interest thereon shall constitute a debt or pledge of the faith and credit or taxing authority of the State of West Virginia or of any county, municipality or any other political subdivision thereof. The public hearing will be conducted by the Associate Director or other authorized representative of the Authority. All interested persons are invited to attend such public hearing to express their views with respect to the nature and location of Project and the Bonds. Those wishing to participate are encouraged to attend either in person at the Authoritys offices located at 180 Association Drive, Charleston, West Virginia 25311 or telephonically via toll free number at 1-888-273-3658 Access Code 9045340. Interested persons may also submit their views in writing, or questions or requests for additional information may be directed, to J. Steven Webb, Associate Director, West Virginia Economic Development Authority, 180 Association Drive, Charleston, WV 25311 or e-mail steven.j.webb@wv.gov on or before 9:30 a.m. on March 20, 2025. This notice is published and the hearing is to be held in satisfaction of the requirements of Section 147(f) of the Code. West Virginia Economic Development Authority |