secwatch.observer — SEC 8-K summary
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Issuer:     Summit Materials, Inc. (—)
CIK:        0001621563
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0000950103-25-001807
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Materials completes acquisition by Quikrete Holdings for $52.50/share
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- Total enterprise value of approximately $11.5 billion, including debt.
- Summit's common stock ceased trading on NYSE; company becomes private subsidiary of Quikrete.
- All directors and officers resigned at effective time; new charter and bylaws adopted.
- Company redeemed outstanding 6.5% 2027, 5.25% 2029, and 7.25% 2031 senior notes.
- Funding via $3.95B senior secured notes, $1.5B unsecured notes, and cash on hand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621563/000095010325001807/0000950103-25-001807-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621563/000095010325001807/dp224739_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-001807

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer