debt
confidence high
sentiment neutral
materiality 0.45
CRH America Finance sells $4.2B of guaranteed notes in four tranches; proceeds target Arcosa note tenders
CRH PUBLIC LTD CO
- Tranches: $1.35B 5.375% due 2032, $1.0B 5.625% due 2034, $1.35B 5.750% due 2037 and $500M 6.250% due 2057, all fully guaranteed by CRH plc.
- Net proceeds expected to finance CRH America Finance tender offers for outstanding notes of Arcosa, Inc., repay existing debt and fund general corporate purposes.
- Underwriting agreement dated Nov 4, 2026, with Barclays Capital, J.P. Morgan Securities and Morgan Stanley as representatives of the underwriters; notes issued Nov 9, 2026.
- Notes issued under the May 21, 2024 indenture with The Bank of New York Mellon as trustee, via an officer's certificate dated Nov 9, 2026; registered on Form S-3.