U.S. Concrete’s $400 Million High?Yield Senior Notes Offering


Cravath represented the initial purchasers in the offering.

U.S. Concrete, Inc. finalized the $400 million in aggregate principal amount of 5.125% Senior Notes due 2029. The transaction closed September 23, 2020.

BofA Securities, Inc., J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Capital One Securities, Inc., MUFG Securities Americas Inc., RBC Capital Markets LLC and Truist Securities, Inc. acted as initial purchasers.

U.S. Concrete is a leading heavy building materials supplier of aggregates and ready-mixed concrete in select geographic markets in the United States, the U.S. Virgin Islands and Canada.

The Cravath team for the initial purchasers included partners William V. Fogg (Picture) and Michael E. Mariani and associates Matthew G. Jones, Andrew D. Norwich and Peter Y. Shin on capital markets matters, and partner Kara L. Mungovan and associate Luis Calderon-Gomez on tax matters.

Involved fees earner: Luis Calderon Gomez – Cravath Swaine & Moore; William Fogg – Cravath Swaine & Moore; Matthew Jones – Cravath Swaine & Moore; Michael Mariani – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Andrew Norwich – Cravath Swaine & Moore; Peter Shin – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Bank of America Securities; BNP Paribas Securities; Capital One Securities; J.P. Morgan Securities LLC; MUFG Securities Americas Inc. ; RBC Capital Markets; Truist Securities Inc. ;

Author: Ambrogio Visconti