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:
Corporate: Samantha Crispin (Partner, Dallas), Adorys Velazquez (Partner, New York), Jennifer Wu (Special Counsel, Austin), Derek Gabriel (Associate, Dallas), Rusty Shellhorn (Associate, Dallas)
Finance: Luke Weedon (Partner, Dallas), Clint Culpepper (Special Counsel, Austin)
Tax: Stephen Marcus (Partner, Dallas), Jordan Hahn (Senior Associate, Dallas)
Employee Benefits: Robin Melman (Partner, New York), Krisa Benskin (Special Counsel, Houston)
Environmental: Aileen Hooks (Partner, Austin), Catie Arnold Miller (Associate, Austin)
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