U.S. Concrete Closes Offering Of $200 Mln Senior Secured Notes - Quick Facts

(RTTNews) - U.S. Concrete, Inc. (USCR) announced the closing of its offering of $200 million aggregate principal amount of 8.500% senior secured notes due 2018 at an issue price of 100% of the aggregate principal amount of the Notes.

The company said the Notes mature on December 1, 2018, unless redeemed in accordance with their terms prior to such date.

U.S. Concrete said it used a portion of the net proceeds from this offering to repay all of the outstanding borrowings under the Revolving Facility and to redeem all of its outstanding 9.50% Senior Secured Notes due 2015. U.S. Concrete will use the remaining net proceeds from the offering for general corporate purposes.