Deal Description: On August 12, 2024, Arcosa, Inc. (“Arcosa” or the “Company”) announced the pricing of its private offering of $600.0 million aggregate principal amount of 6.875% senior notes due 2032 (the “Notes”). The Notes offering is expected to close on August 26, 2024, subject to customary conditions.

Arcosa intends to use the net proceeds from the offering, together with expected borrowings under the Term Loan B Facility due 2031, to fund the $1.2 billion purchase price of the previously announced acquisition of the construction materials business of Stavola Holding Corporation and its affiliated entities and to use any remaining net proceeds to repay amounts outstanding under Arcosa’s revolving credit facility.

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

Baker Botts served as Arcosa’s legal advisor on the Notes offering.

Baker Botts Lawyers/Offices Involved:

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

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

Executive Compensation and Benefits: Robin Melman (Partner, New York), Katie Birnhak (Associate, New York).

Environmental: Aileen M. Hooks (Special Counsel, Austin), Katie Windle (Associate, Austin).

Tax: Steve Marcus (Partner, Dallas), Jordan Hahn (Senior Associate, Dallas), Michael Kovacich (Associate, Dallas).

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