Texas Industries enters $150m credit pact

Texas Industries enters $150m credit pact
Published: 25 March 2008

Texas Industries Inc said Monday that it entered into an unsecured $150 million senior term loan with a group of lenders.  
 
The Dallas cement producer said in a filing with the Securities and Exchange Commission that it may use proceeds from the loan to repay existing debt, for working capital, capital expenditures, and for other general corporate purposes.  
 
Texas Industries said the term loan matures in August 2012.