Eagle Materials sells paper

Eagle Materials sells paper
04 October 2007

Eagle Materials Inc disclosed Wednesday that it sold US$200 million in
senior unsecured notes in a private transaction Tuesday. The Dallas-based
supplier of cement, gypsum wallboard, and recycled paperboard and
construction aggregates used some of the sale proceeds to repay borrowings
under its bank credit facility, according to a Securities and Exchange
Commission filing. The remaining proceeds from Tuesday’s sale will be used
for general corporate purposes, including capital projects. Shares of Eagle
Materials closed Tuesday at $37.06.
Published under Cement News