Vulcan Materials plans to sell notes in five-, 10-, 30-year tranches

By Andrea Heisinger

Omaha, Dec. 5 - Vulcan Materials Co. announced an offering of notes in three tranches Wednesday with pricing expected this week, an informed source said.

The notes (A3/A-) will be in five-, 10- and 30-year tranches.

Bookrunners are Banc of America Securities LLC, Goldman Sachs & Co., J.P. Morgan Securities Inc. and Wachovia Capital Securities LLC.

Proceeds will be used to repay debt under a bridge credit facility used to fund a portion of the purchase price for the acquisition of Florida Rock. Proceeds also will be used to repay some short-term borrowings.

The construction materials company is based in Birmingham, Ala.

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