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U.S. Concrete to redeem $200 million 6 3/8% notes due 2024 at 101.594
By Wendy Van Sickle
Columbus, Ohio, May 27 – U.S. Concrete, Inc. plans to redeem all $200 million of its 6 3/8% senior notes due 2024 (Cusip: 90333LAP7) on June 26 with some proceeds from a new $300 million term loan, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be redeemed at 101.594 plus accrued interest to the redemption date.
The redemption is conditioned on the consummation of one or more financings that provide sufficient funds to pay for the redemption.
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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