U.S. Concrete to use revolver draw to help fund notes redemption

By Taylor Fox

New York, Sept. 8 – U.S. Concrete, Inc. plans to use borrowings under its senior secured asset-based revolving credit facility and new notes to fund the redemption of $300 million of its $600 million 6 3/8% senior notes due 2024, according to a news release.

The proceeds will also pay fees and expenses related to 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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