U.S. Concrete calls all 9½% senior secured notes due 2015

By Marisa Wong

Madison, Wis., Nov. 7 - U.S. Concrete, Inc. plans to redeem in full its outstanding 9½% senior secured notes due 2015 at par plus accrued interest on Nov. 22.

The company sent a conditional notice of optional redemption to U.S. Bank NA, the trustee, on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

The redemption is subject to a financing condition. The company expects to use proceeds from an offering of new senior secured notes to fund the redemption.

The company launched a $200 million offering of notes due 2020 on Thursday.

The issuer is a Euless, Texas-based supplier of ready-mixed concrete and concrete-related products and precast concrete products.

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