U.S. Concrete amends revolver, allowing for repurchase of notes

By Sara Rosenberg

New York, July 14 - U.S. Concrete Inc. amended its revolving credit facility, allowing for limited repurchases of its 8 3/8% senior subordinated notes due 2014, according to an 8-K filed with the Securities and Exchange Commission Monday.

In addition, the amendment increased the aggregate consideration that may be paid for the repurchase of the company's common stock and 8 3/8% notes to $30 million from $20 million, provided that after giving effect to such repurchase availability under the revolver is at least $50 million.

The amendment was effective as of July 11.

Citicorp is the administrative agent on the deal.

U.S. Concrete is a Houston-based provider of ready-mixed concrete and related products.

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