U.S. Concrete gets $180 million delayed-draw term loan

By Sara Rosenberg

New York, April 20 – U.S. Concrete Inc. closed on Friday on a $180 million five-year delayed-draw covenant-lite term loan, according to a news release.

Pricing on the term loan can range from Libor plus 275 basis points to 375 bps based on the amount borrowed.

Bank of America is the administrative agent on the deal.

Proceeds will be used to provide additional liquidity if needed.

U.S. Concrete is a Euless, Tex.-based supplier of aggregates and high-performance concrete for large-scale commercial, residential and infrastructure projects.

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