ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

ACA Arcosa Inc

76.805
0.535 (0.70%)
Last Updated: 16:00:29
Delayed by 15 minutes
Share Name Share Symbol Market Type
Arcosa Inc NYSE:ACA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.535 0.70% 76.805 78.00 74.37 75.63 79,679 16:00:29

Arcosa, Inc. Announces Launch of $700 Million Term Loan B

06/08/2024 12:40pm

Business Wire


Arcosa (NYSE:ACA)
Intraday Stock Chart


Tuesday 6 August 2024

Click Here for more Arcosa Charts.

Arcosa, Inc. (NYSE: ACA) (“Arcosa,” the “Company,” “We,” or “Our,”) today announced that it is launching a proposed senior secured Term Loan B Facility due 2031 in an aggregate principal amount of up to $700.0 million (the “Term Loan”).

Arcosa intends to use the proceeds from the Term Loan, together with available cash and other unsecured debt the Company intends to obtain, to fund the previously announced acquisition of the construction materials business of Stavola Holding Corporation and its affiliated entities for $1.2 billion in cash (such transaction, the “Transaction”).

There can be no assurances that the Company will be successful in its marketing efforts or that it will be able to obtain the Term Loan. Closing of the Term Loan, which is anticipated to occur in the fourth quarter of 2024, is subject to market conditions, as well as the negotiation and execution of definitive documents and the satisfaction of customary closing conditions, including the concurrent closing of the Transaction.

About Arcosa

Arcosa, Inc., headquartered in Dallas, Texas, is a provider of infrastructure-related products and solutions with leading positions in construction, engineered structures, and transportation markets. Arcosa reports its financial results in three principal business segments: Construction Products, Engineered Structures, and Transportation Products. For more information, visit www.arcosa.com.

Cautionary Statements About Forward-Looking Information

Some statements in this release, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Arcosa’s estimates, expectations, beliefs, intentions or strategies for the future. Arcosa uses the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” “guidance,” “outlook,” “strategy,” “plans,” “goal,” and similar expressions to identify these forward-looking statements. Forward-looking statements speak only as of the date of this release, and Arcosa expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein, except as required by federal securities laws. Forward-looking statements are based on management’s current views and assumptions and involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations, including but not limited to assumptions, risks and uncertainties regarding failure to successfully complete and integrate acquisitions, including Ameron and Stavola, or divest any business, including the steel components business, or failure to achieve the expected benefits of acquisitions or divestitures; market conditions and customer demand for Arcosa’s business products and services; the cyclical nature of, and seasonal or weather impact on, the industries in which Arcosa competes; competition and other competitive factors; governmental and regulatory factors; changing technologies; availability of growth opportunities; market recovery; ability to improve margins; the impact of inflation and costs of materials; assumptions regarding achievements of the expected benefits from the Inflation Reduction Act; the delivery or satisfaction of any backlog or firm orders; the impact of pandemics on Arcosa’s business; and Arcosa’s ability to execute its long-term strategy, and such forward-looking statements are not guarantees of future performance. For further discussion of such risks and uncertainties, see “Risk Factors” and the “Forward-Looking Statements” section of “Management's Discussion and Analysis of Financial Condition and Results of Operations” in Arcosa's Form 10-K for the year ended December 31, 2023 and as may be revised and updated by Arcosa's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

MEDIA CONTACT: media@arcosa.com

INVESTOR CONTACTS Gail M. Peck Chief Financial Officer Erin Drabek Director of Investor Relations T 972.942.6500 InvestorResources@arcosa.com David Gold ADVISIRY Partners T 212.661.2220 David.Gold@advisiry.com

1 Year Arcosa Chart

1 Year Arcosa Chart

1 Month Arcosa Chart

1 Month Arcosa Chart

Your Recent History

Delayed Upgrade Clock