Smyrna Ready Mix to launch $650 million term loan B on Monday

By Sara Rosenberg

New York, March 10 – Smyrna Ready Mix Concrete LLC is scheduled to hold a lender call at 10 a.m. ET on Monday to launch a $650 million seven-year term loan B (Ba3/B+), according to a market source.

JPMorgan Chase Bank is the left lead on the deal.

Commitments are due at 5 p.m. ET on March 23, the source added.

Proceeds will be used for acquisitions.

Smyrna Ready Mix is a Nashville-based manufacturer and retailer of ready-mixed concrete.

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