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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Vulcan Materials | NYSE:VMC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
2.10 | 0.82% | 259.73 | 263.76 | 256.16 | 257.53 | 1,036,615 | 01:00:00 |
BIRMINGHAM, Ala., March 16, 2015 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC) announced today that it intends to offer, subject to market and other conditions, $400 million aggregate principal amount of unsecured notes due 2025. The company intends to use the net proceeds from this offering, along with cash on hand and borrowings under its revolving credit facility to fund (i) a partial tender offer for its 7.00% notes due 2018, which was separately announced by the company today, (ii) the previously announced redemption of its 6.40% notes due 2017, (iii) the planned redemption of its 6.50% notes due 2016 in an aggregate principal amount of approximately $125 million, and (iv) the planned redemption of its 8.85% notes due 2021 in an aggregate principal amount of $6 million and the planned prepayment of its floating rate notes due 2022 in an aggregate principal amount of $14 million.
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This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vulcan-materials-announces-400-million-note-offering-300050838.html
SOURCE Vulcan Materials Company
Copyright 2015 PR Newswire
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