debt
confidence high
sentiment neutral
materiality 0.70
Arcosa closes $600M 6.875% senior notes due 2032 for Stavola acquisition financing
Arcosa, Inc.
- Issued $600M aggregate principal of 6.875% senior notes due August 15, 2032 at 100% face value.
- Proceeds will fund the Stavola acquisition together with a Term Loan B Facility due 2031; remainder to repay revolver.
- Special mandatory redemption at 100% if Stavola acquisition not consummated by December 1, 2024.
- Interest payable February 15 and August 15, beginning February 15, 2025; notes are senior unsecured.