Vulcan Materials outlines new offering of senior notes due 2026

Chicago, Feb. 27 – Vulcan Materials Co. is planning to sell fixed-rate notes due 2026, according to a 424B2 filing with the Securities and Exchange Commission.

There are change-of-control provisions at 101.

The notes will be callable with a make-whole premium for the first year. For the last two years they will have a par call option.

BofA Securities, Inc. and Truist Securities, Inc. are leading the sale. Goldman Sachs & Co. LLC, Regions Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are also joint bookrunners.

Regions Bank will be the trustee.

Womble Bond Dickinson (US) LLP is advising the issuer.

Proceeds will be used to repay the company’s delayed-draw term loan due 2026.

Vulcan is the largest supplier in the United States of construction aggregates like crushed stone, sand and gravel. The company is based in Birmingham, Ala.

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