Arcosa (ACA) Prices $600M Notes Offering
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Arcosa, Inc. Announces Pricing of $600 Million of 6.875% Senior Notes Due 2032
August 12, 2024 4:40 PM EDTDALLAS, Texas--(BUSINESS WIRE)-- Arcosa, Inc. (NYSE: ACA) (Arcosa) today announced the pricing of its previously announced private offering of $600.0 million aggregate principal amount of 6.875% senior notes due 2032 (the Notes). The Notes offering is expected to close on August 26, 2024, subject to customary conditions.
Arcosa intends to use the net proceeds from the offering, together with expected borrowings under the 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 Transaction) and to... More
