Arcosa Announces $600M Senior Notes Offering

By Bobby Samwell • Monday, August 12 07:55 • Permanent Link

Arcosa, Inc. (NYSE: ACA) has announced a proposed offering of $600.0 million aggregate principal amount of senior notes due 2032. The company intends to use the net proceeds from the offering, along with expected borrowings under a previously announced term loan b facility due 2031, to fund the $1.2 billion purchase price of the previously announced acquisition of the construction materials business of Stavola Holding Corporation and its affiliated entities.

The notes will be subject to a special mandatory redemption if the transaction is not consummated within a specified timeframe. They are being offered and sold only to qualified institutional buyers and certain non-U.S. persons.

Arcosa, Inc. is a provider of infrastructure-related products and solutions with leading positions in construction, engineered structures, and transportation markets. The company reports its financial results in three principal business segments: construction products, engineered structures, and transportation products.

The market has reacted to these announcements by moving the company's shares -0.9% to a price of $81.33. For the full picture, make sure to review Arcosa's 8-K report.

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