The asphalt mix, concrete and cement producer intends to sell a total of US$1bn (EUR695m) of senior unsecured notes due 2016 and senior unsecured notes due 2021.
Vulcan Materials plans to use the net proceeds from the notes offering to refinance its existing term loan, fund a partial tender offer for its existing senior notes due 2012 and 2013, cut balance under its credit facility and for general corporate purposes.
The new debt sale is subject to market and other conditions and will come under the company’s effective shelf registration.
