Deal Description: On August 1, 2024, Arcosa, Inc. (“Arcosa” or the “Company”) announced the entry into a definitive agreement to acquire the construction materials business of Stavola Holding Corporation (“Stavola”) for $1.2 billion in cash, subject to customary post-closing adjustments (the “Acquisition”). Arcosa has obtained $1.2 billion of committed secured bridge loan financing in connection with the execution of the agreement to acquire Stavola, as well as a backstop to its existing $600 million revolving credit facility. Prior to the transaction close, the Company anticipates accessing the long-term debt capital markets for permanent financing with a mix of secured and unsecured debt that incorporates prepayment flexibility. J.P. Morgan, Bank of America Securities and Barclays have provided committed financing to Arcosa in connection with the Acquisition.

Baker Botts served as Arcosa’s legal advisor on the committed financing.

The press release issued by the Company can be found here.

Baker Botts Lawyers/Offices Involved:

Finance: Luke Weedon (Partner, Dallas), Brittany Simington (Senior Associate, Dallas), Steven Langert (Associate, Dallas).

Corporate: Samantha Crispin (Partner, Dallas), Sarah J. Dodson (Partner, Dallas), Tala Esmaili (Associate, Dallas), Maddie Boezinger (Associate, Dallas).

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