News Releases

Baker Botts Represents Arcosa, Inc. in its $400 Million Senior Notes Offering

Release

Deal Description: 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”). The Notes offering is expected to close on April 6, 2021, subject to customary conditions.

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.

Baker Botts Lawyers/Office Involved:

CorporateSamantha Crispin (Partner, Dallas), Adorys Velazquez (Partner, New York), Jennifer Wu (Special Counsel, Austin), Derek Gabriel (Associate, Dallas), Rusty Shellhorn (Associate, Dallas)

FinanceLuke Weedon (Partner, Dallas), Clint Culpepper (Special Counsel, Austin)

TaxStephen Marcus (Partner, Dallas), Jordan Hahn (Senior Associate, Dallas)

Employee BenefitsRobin Melman (Partner, New York), Krisa Benskin (Special Counsel, Houston)

EnvironmentalAileen Hooks (Partner, Austin), Catie Arnold Miller (Associate, Austin)

 

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Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the technology, energy, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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