Vulcan raises US$700m in public offering of senior unsecured notes

Vulcan raises US$700m in public offering of senior unsecured notes
19 June 2017


Vulcan Materials Company has raised US$700m in a public offering of senior unsecured 4.50 per cent notes due 2047.

The notes bear an interest rate of 4.5 per cent per annum, payable semi-annually on 15 June  and 15 December of each year, beginning from 15 December 2017. The notes will mature on 15 June 2047. The notes were issued at a price of 99.624 per cent plus accrued interest, if any, from June 15, 2017 with yield to maturity of 4.523 per cent.

In addition, Vulcan Materials has also raised US$250m in public offering of senior notes due 2020 and raised USD50m in a public offering of senior notes due 2027.

Published under Cement News

Tagged Under: USA Vulcan Materials