12:13 PM EDT, 08/06/2024 (MT Newswires) -- Arcosa ( ACA ) said Tuesday it is launching a proposed senior secured term loan B facility due 2031 of up to $700 million.

Proceeds from the term loan along with available cash and other unsecured debt the company plans to obtain will fund the $1.2 billion proposed acquisition of Stavola Holding and its affiliated entities, Arcosa ( ACA ) added.

Arcosa ( ACA ) expects to close the term loan in Q4, subject to market conditions, negotiation and execution of definitive documents, customary closing conditions and concurrent closing of Stavola deal.

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