Brief: Arcosa Announces Agreement To Acquire The Construction Materials Business Of Stavola Holding Corporation For $1.2 Billion And Other Value Enhancing Portfolio Actions To Accelerate Long-Term Strategy

Arcosa

01/08/2024 22:38

Aug 1 (Reuters) - Arcosa Inc  ACA.N :
    * ARCOSA, INC. ANNOUNCES AGREEMENT TO ACQUIRE THE
CONSTRUCTION
MATERIALS BUSINESS OF STAVOLA HOLDING CORPORATION FOR $1.2
BILLION AND OTHER VALUE ENHANCING PORTFOLIO ACTIONS TO
ACCELERATE LONG-TERM STRATEGY
    * ARCOSA INC: FINANCING TO INCLUDE NEW LONG-TERM DEBT WITH
CLEAR
PATH TO DELEVERAGING
    * ARCOSA INC: ALSO ENTERED INTO AGREEMENT TO SELL STEEL
COMPONENTS
BUSINESS TO STELLEX CAPITAL MANAGEMENT
    * ARCOSA INC: OBTAINED $1.2 BILLION SECURED BRIDGE LOAN
FINANCING
FOR DEAL OF STAVOLA, AS WELL AS BACKSTOP TO EXISTING $600
MILLION REVOLVING CREDIT FACILITY

Source text for Eikon:  ID:nBw5q6Gy2a 
Further company coverage:  ACA.N 

 ((Reuters.Briefs@thomsonreuters.com;))