Arcosa’s $400 Million Senior Notes Offering

Baker Botts LLP advised Arcosa, Inc. on the deal, while Simpson Thacher represented the initial purchasers.

Arcosa, Inc. (NYSE: ACA), a provider of infrastructure-related products and solutions, announced the pricing of its private offering of $400 million aggregate principal amount of 4.375% senior notes due 2029 (the “Notes”).

Arcosa intends to use the net proceeds of the offering to fund the payment of the purchase price of the previously announced acquisition of StonePoint Ultimate Holding, LLC and affiliated entities, expected to close in April 2021. Net proceeds will also be used to repay any borrowings that may be outstanding under Arcosa’s $150 million 364-day credit facility at the closing of the offering of the Notes, and for general corporate purposes, which may include repayment in whole, or in part, of amounts outstanding under Arcosa’s existing revolving credit facility and other potential strategic investments.

The Baker Botts team included Samantha Crispin (Partner, Dallas, Picture), Adorys Velazquez (Partner, New York), Jennifer Wu (Special Counsel, Austin), Derek Gabriel (Associate, Dallas), Rusty Shellhorn (Associate, Dallas), Luke Weedon (Partner, Dallas), Clint Culpepper (Special Counsel, Austin), Stephen Marcus (Partner, Dallas), Jordan Hahn (Senior Associate, Dallas), Robin Melman (Partner, New York), Krisa Benskin (Special Counsel, Houston), Aileen Hooks (Partner, Austin) and Catie Arnold Miller (Associate, Austin).

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, with Art Robinson, Patrick Baron, Ben Heriaud and Arielle Trapp (Capital Markets); Jennifer Neilsson (ECEB); Michael Isby (Environmental); Genevieve Dorment and Alysha Sekhon (IP); Jonathan Cantor and Kris Liu (Tax); and Andrew Pagliughi (Blue Sky).

Involved fees earner: Krisa Benskin – Baker Botts; Clint Culpepper – Baker Botts; Derek Gabriel – Baker Botts; Jordan Hahn – Baker Botts; Samantha Hale Crispin – Baker Botts; Aileen Hooks – Baker Botts; Stephen Marcus – Baker Botts; Robin Melman – Baker Botts; Catie Miller – Baker Botts; Rusty Shellhorn – Baker Botts; Adorys Velazquez – Baker Botts; Luke Weedon – Baker Botts; Jennifer Wu – Baker Botts; Patrick Baron – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Benjamin Heriaud – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Kris Liu – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Arthur Robinson – Simpson Thacher & Bartlett; Alysha Sekhon – Simpson Thacher & Bartlett; Arielle Trapp – Simpson Thacher & Bartlett;

Law Firms: Baker Botts; Simpson Thacher & Bartlett;

Clients: Arcosa; J.P. Morgan Securities LLC;

Martina Bellini

Author: Martina Bellini