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Arcosa Plans to Launch $600 Million Private Offering of Senior Notes
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Arcosa Plans to Launch $600 Million Private Offering of Senior Notes
Aug 12, 2024 5:16 AM

07:56 AM EDT, 08/12/2024 (MT Newswires) -- Arcosa ( ACA ) said Monday it plans to launch a private offering of $600 million of senior unsecured notes due 2032.

The company said it plans to use the net proceeds, together with expected borrowings under its term loan B facility due 2031, to fund the $1.2 billion acquisition of Stavola Holding's construction materials business and any remaining net proceeds to repay amounts outstanding under its revolving credit facility.

Price: 82.00, Change: +0.67, Percent Change: +0.82

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