|
EULESS, TX--(Marketwired - January 04, 2017) - U.S. Concrete, Inc. (NASDAQ: USCR) (the "Company" or "U.S. Concrete") announced today that it has priced an offering of $200 million aggregate principal amount of its 6.375% Senior Notes due 2024 (the "Notes") at an issue price of 105.75% of the aggregate principal amount of the Notes plus accrued interest from and including December 1, 2016. The Notes will mature on June 1, 2024, unless redeemed in accordance with their terms prior to such date. The Notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons pursuant to Regulation S under the Securities Act. The offering of the Notes is expected to close on January 9, 2017, subject to customary closing conditions. The Notes will be issued under the same indenture as the $400 million aggregate principal amount of the Company's 6.375% Senior Notes due 2024 previously issued on June 7, 2016 (the "Existing 6.375% Notes"). The terms of the Notes will be identical to the terms of the Existing 6.375% Notes, other than the issue date, the issue price, the first interest payment date, and the provisions relating to transfer restrictions and registration rights. The Notes and the Existing 6.375% Notes will vote together and be treated as a single class, but will not be fungible with, or have the same CUSIP or ISIN numbers as, and will trade separately from, the Existing 6.375% Notes. We intend that, following the consummation of an exchange offer for the Notes, the exchange notes will have the same CUSIP and ISIN numbers as the Existing 6.375% Notes and will be fungible with the Existing 6.375% Notes. |
