debt
confidence high
sentiment neutral
materiality 0.60
Eagle Materials issues $750M 5.000% Senior Notes due 2036, repays revolver
EAGLE MATERIALS INC
- $750M aggregate principal of 5.000% Senior Notes due March 15, 2036 issued under a Third Supplemental Indenture.
- Net proceeds of ~$734.9M after underwriting discounts; used to repay revolver borrowings and for general corporate purposes.
- Interest payable semi-annually on March 15 and September 15, beginning March 15, 2026.
- Notes are senior unsecured, rank equally with existing unsubordinated debt; redeemable at par after Dec 15, 2035.
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