U.S. Concrete to draw on existing credit facility to fund purchases

By Tali David

Minneapolis, Oct. 17 - U.S. Concrete, Inc. plans to draw on its existing credit facility and use cash on hand to pay the closing date consideration for its Bode Gravel Co. and Bode Concrete LLC purchases, according to a press release.

The transaction is subject to customary closing conditions and is expected to close during the fourth quarter of 2012.

U.S. Concrete is a Euless, Texas-based company that operates through two segments: ready-mixed concrete and concrete-related products as well as precast concrete products.

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