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BRIEF-Arcosa Announces Agreement To Acquire The Construction Materials Business Of Stavola Holding Corporation For $1.2 Billion And Other Value Enhancing Portfolio Actions To Accelerate Long-Term Stra
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BRIEF-Arcosa Announces Agreement To Acquire The Construction Materials Business Of Stavola Holding Corporation For $1.2 Billion And Other Value Enhancing Portfolio Actions To Accelerate Long-Term Stra
Aug 1, 2024 2:56 PM

Aug 1 (Reuters) - Arcosa Inc ( ACA ):

* ARCOSA, INC. ( ACA ) ANNOUNCES AGREEMENT TO ACQUIRE THE

CONSTRUCTION

MATERIALS BUSINESS OF STAVOLA HOLDING CORPORATION FOR $1.2

BILLION AND OTHER VALUE ENHANCING PORTFOLIO ACTIONS TO

ACCELERATE LONG-TERM STRATEGY

* ARCOSA INC ( ACA ): FINANCING TO INCLUDE NEW LONG-TERM DEBT WITH

CLEAR

PATH TO DELEVERAGING

* ARCOSA INC ( ACA ): ALSO ENTERED INTO AGREEMENT TO SELL STEEL

COMPONENTS

BUSINESS TO STELLEX CAPITAL MANAGEMENT

* ARCOSA INC ( ACA ): OBTAINED $1.2 BILLION SECURED BRIDGE LOAN

FINANCING

FOR DEAL OF STAVOLA, AS WELL AS BACKSTOP TO EXISTING $600

MILLION REVOLVING CREDIT FACILITY

Source text for Eikon:

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