Smyrna Ready Mix Concrete Senior Notes Offering of $1.1 Billion

Client Type: Private Company

We represented Smyrna Ready Mix Concrete, LLC in its offering of $1,100,000,000 of 8.875% senior secured notes due 2031. J.P. Morgan Securities LLC served as representative for the initial purchasers. J.P. Morgan Securities LLC and BofA Securities, Inc. served as joint book-running managers for the offering. The proceeds were utilized to refinance existing debt and to fund the acquisition of certain assets of Vulcan Materials, the nation’s largest producer of construction aggregates.

Simultaneously, we assisted Smyrna Ready Mix Concrete, LLC in connection with the repricing of its Term Loan B financing, led by JPMorgan Chase Bank, N.A. as administrative agent, which resulted in significant interest cost savings to the company.

Smyrna Ready Mix Concrete, LLC, is the largest privately-owned ready-mix concrete manufacturer in the country, and employs over 8,300 team members with sites that span 19 states.

 

We represented Smyrna Ready Mix Concrete, LLC in its offering of $1,100,000,000 of 8.875% senior secured notes due 2031. J.P. Morgan Securities LLC served as representative for the initial purchasers. J.P. Morgan Securities LLC and BofA Securities, Inc. served as joint book-running managers for the offering. The proceeds were utilized to refinance existing debt and to fund the acquisition of certain assets of Vulcan Materials, the nation’s largest producer of construction aggregates.

Simultaneously, we assisted Smyrna Ready Mix Concrete, LLC in connection with the repricing of its Term Loan B financing, led by JPMorgan Chase Bank, N.A. as administrative agent, which resulted in significant interest cost savings to the company.

Smyrna Ready Mix Concrete, LLC, is the largest privately-owned ready-mix concrete manufacturer in the country, and employs over 8,300 team members with sites that span 19 states.