05:04 PM EDT, 08/26/2024 (MT Newswires) -- Arcosa ( ACA ) said late Monday that it closed a private offering of $600 million of 6.875% senior notes due 2032.

The company said it intends to use the net proceeds and expected borrowings from a previously announced term loan B facility due 2031 to fund the acquisition of the construction materials business of Stavola Holding.

Arcosa ( ACA ) said it plans to use any remaining net proceeds to repay amounts outstanding under its revolving credit facility.