Vulcan Materials ups revolving credit facility to $1.6B and launches $1.6B commercial paper program

Vulcan Materials CO

Fourth Amendment increases revolver commitments from $1.0B to $1.6B; maturity extended to August 8, 2027.
New $1.6B commercial paper program established; net proceeds for general corporate purposes.
Unused revolver capacity of ~$1.397B after $125M drawn and $78.1M in stand-by LC support.
Amendment permits future ESG-linked adjustments to borrowing spreads and unused fees, capped at 0.05% and 0.01% respectively.

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