debt
confidence high
sentiment neutral
materiality 0.60
Arcosa prices $600M 6.875% senior notes due 2032 to fund Stavola acquisition
Arcosa, Inc.
- $600M aggregate principal, 6.875% coupon, due 2032; expected closing August 26, 2024.
- Net proceeds plus Term Loan B to fund $1.2B Stavola construction materials acquisition; remainder repays revolver.
- Notes are senior unsecured, guaranteed by domestic subsidiaries that guarantee senior credit facility.
- Special mandatory redemption if Stavola transaction not consummated within indenture timeframe.
- Offered privately to QIBs under Rule 144A and offshore under Regulation S; not registered.